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Tag: government_meddling
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.
Calculated Risk on the $15k Homebuyer Tax Credit
I’m sure many real estate agents out there are throwing parties and dancing in the streets with the Senate passage of the so-called stimulus that includes a $15,000 tax credit for home buyers. The idea is that somehow this will magically rescue the housing market and (presumably) reverse the fall of home prices. Personally, I’m…