In case there is any doubt about whether NAR chief “economist” Lawrence Yun is just as much of a shameless price-boosting shill as his predecessor David Lereah, I present some excerpts from a post he made on Friday regarding the inefficient, expensive, and economically stupid homebuyer tax credit: Unleashing Pent-Up Housing Demand and Sustainable Economic…
Tag: government_meddling
Poll: What is the chance the housing tax credit gets extended/expanded?
Please vote in this poll using the sidebar. Props to AMS for the poll idea. This poll will be active and displayed on the sidebar through 10.17.2009.
$8k Tax Credit: Inefficient, Expensive, Economically Stupid
The intensity of the push from a couple of major national lobbying groups (NAR and NAHB) to extend and/or expand the $8,000 first-time homebuyer tax credit seems to have increased since we last discussed the topic on these pages. With the supposed end of the program coming up in about seven weeks, now seems like…
The Mythical Teeming Hordes of “Pent-Up Buyers”
We’ve been hearing a lot of speculation recently that goes something along these lines: There is basically this enormous teeming horde of potential home buyers out there lurking on the sidelines for no good reason. All we need to do is come up with the right concoction of incentives to get these pent-up buyers off…
$8,000 Tax Credit: To Extend or Not to Extend?
As the expiration date on the first-time homebuyer $8,000 tax credit nears, talk is stirring about renewing and expanding the scheme. Here’s a brief rundown of some of the varying related pieces I’ve been following from around the web. First up, we’ve got the National Ass. of Realtors pushing hard on their members to “Write…