Just a quick comment on one aspect of Obama’s just-announced plan to “see the auto industry through these difficult times.” I’ll keep this brief since it has little to do with either real estate or the Seattle area. Here’s a portion of the president’s speech: …the IRS is today launching a campaign to alert consumers…
Tag: bailout
Poll: Favorite Government Bailout (so far)?
Please vote in this poll using the sidebar. For more information on any of these programs, browse the “Government Meddling” tag. This poll will be active and displayed on the sidebar through 02.28.2009.
Foreclosure Rescue Plan Open Thread
Here’s a good summary of Obama’s proposed foreclosure rescue plan from our friends over at Calculated Risk. This plan rewards those homebuyers who speculated with excessive leverage. I think this is a mistake. Another problem with Part 2 is that this lowers the interest rate for borrowers far underwater, but other than the $1,000 per…
$15k Tax Credit On the Chopping Block
It looks like the $15,000 homebuyer tax credit may not make it into the final “stimulus” plan after all… From the AP: Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these…
Poll: Potential Buyers Only: Would a $15k tax credit affect your decision to purchase a home?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 02.14.2009.