Lou Barnes is about ready to jump out an office building’s window, I think.

He’s totally freaking out over the credit / lending crisis, fearing we are in for tough economic times, unless someone does something. Fast.

Like, Depression.

And he doesn’t have much faith in those with power to deal with the problem:

The worst of the week was Federal Reserve Chairman Ben Bernanke’s anti-inspirational appearance before Congress …

… The confidence-damaging aspects of the testimony was the man’s demeanor, and the void of ideas. He sat in half-smile (not Dubya’s smirk, but too close) until a very annoyed congressman from Baltimore broke from describing foreclosure pain in his district to snap at Bernanke, “You seem very calm about all this.” Throughout, the chairman seemed no more engaged than a man taking notes for a future book …

His recommendation? Government intervention. (gasp!)

The best quarantine for housing: refi bad loans to good, cheap, high-quality, low-risk, long-term, fixed-rate. If that means dropping a fixation with market solutions in favor of government guarantee, well, that’s where Fannie came in, in 1938. Late, that time.

More: Housing needs restoration of new credit – By Lou Barnes, Inman News, by way of Mortgage101.com

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Updated: 1st Q 2018

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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