Tuesday, October 27, 2009

More Free Ponies!

Calculated Risk: Home Buyer Tax Credit to be Extended
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5 comments:

  1. AnonymousTuesday, October 27, 2009

    Love the graphic! As CR says, "This is obviously bad economics, but must be good politics." Oh to have a government that would actually lead. I guess that we frugal savers aren't a large enough stakeholder group for Congress to let the housing market sort itself out free of government and bank manipulation. (That's not a dig on the Dems by the way. This would have played out the same regardless of the majority party.) I'm going to commiserate with my wife over a glass of wine.

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  2. Qualified to Represent...Wednesday, October 28, 2009

    Dude this is so wrong on so many levels. Those bastards in Washington will do anything to f-up price discovery and bail out realtards and idiot banksters who caused this whole mess in the first place. This really is a bailout to sellers so they have a better chance of not losing their shirt if they were dumb enough to buy at the peak. This just pisses me off!!!

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  3. Mike in LBCWednesday, October 28, 2009

    I'm just not educated or smart enough to understand the impacts...

    In MY position, I only have about 6K saved. My plan is in another 6 months, to double that figure, with more savings. If there is a tax credit of 8K, or better yet the hoped for 15K, then it would help ME out a lot.

    What are the down sides to this?

    I'm not trying to just see this from MY perspective, I just don't get the impacts, and how the market works. I guess it just hasn't sunk in. Probably because I'm a pretty big rookie with the RE game.

    As Santa said unto Rudolph, El Bee, won't you be my realtor tonite?

    Pretty please???

    I'll even kick my mom to the curb! (she's my current realtor)

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  4. UnknownWednesday, October 28, 2009

    "If there is a tax credit of 8K, or better yet the hoped for 15K, then it would help ME out a lot.

    What are the down sides to this?"


    Not much, except every asking price in your price range will be at least 8K (or 15K) higher.

    L_Thek_Onomics

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  5. Mike in LBCThursday, October 29, 2009

    So you're saying it's not making any REAL difference, and is only helping those whom can't really afford it, to get over their heads, and cause a bigger mess?

    Well if that's the case, then I don't feel as bad that the credit didn't get raised to 15K at least.

    Thanks

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