Dear Mr. President,
 
I am becoming more and more concerned over the proposed bail-out of the Wall Street real estate debacle. I think Washington D.C. is going around a blind corner at warp speed.

Where does it say in the Constitution, you always get to make money when you speculate on real estate?  I'm frustrated to see real estate speculators being bailed out. Why in the world should my tax dollars save these investors?

About ten years ago, our landlord was a local rental home investor. We paid $900 a month for a tiny house in rural Snohomish County. We listened to his tales of buying low and selling high, and marveled how he was able to easily get credit to keep buying more homes.

Then, we moved to a home closer to the I-5 corrider, and it was also owned by a bulk investor. This time, a group from California. The rent was $1,400 for an older, but larger home. They anticipated selling the home for at least a $100,000 profit over the next 24 months. Our mouths dropped open.