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Yesterday, the Federal Communication Commission voted to repeal net neutrality… wait, what? Net neutrality allows the internet to be a fair, open playing field where internet service providers (ISP’s) cannot discriminate or charge extras for services or access to websites. What happened yesterday means that this fair and open playing field is gone, and that the ISPs can begin charging consumers more for access to the internet.
This means that for small business owners in the housing industry (mortgage brokers and realtors) your website traffic could possibly be slowed down because the other guy decided to pay more for his internet. Whoa… that’s not fair at all… right?! The thought behind the repeal is that this will open the door to innovation and help stimulate the economy… umm I guess I’m still trying to figure out how that can be true when the developer that could potentially innovate the newest and coolest technology cannot afford the internet speed they need?!
The most immediate affect will be seen in our internet bills at home and at the office. These ISPs can now begin to charge us more… which means that those of us who’ve “cut the cord” from cable might be inclined to begin paying for those bundled services we’ve so desperately tried to get away from.
The opinions expressed in this post are the sole view of the writer and do not reflect the opinion of Princeton Mortgage Corporation.