$15,000 Rebate Checks For All Home Buyers???

[Markor]

[explorer]

The irony here may be that doing NOTHING will benefit us the most, across the board. I don't see the fundementals applying to a $15K rebate, just the consumerism that we were culturally raised to follow.

Sure as individuals, that $15K is something. Collectively, it's still delaying the inevitable. So, those who have will continue to have, and those who don't can't take advantage of it. Throwing money at a problem with no real practical goal in mind never solved anything of magnitude.

It may well prop up prices and/or allow someone to make 3-6 months of mortgage payments. Then what? Give another borrowed rebate? More of the same will not get us anywhere we need to go, IMO.

[Markor]

[WestSideBilly]

I really don't see the benefit of this. Borrowing $15k per house, which ends up costing taxpayers about $21-23k to repay, to accomplish what?

It would immediately add $15k to the asking price, and the day after the tax was paid out, that $15k would fall off. No thanks.

[Markor]

[rose-colored-coolaid]

[WestSideBilly]

[CreekFreak]

Why do anything?

If you want more people to buy homes just lend them the money with no money down. If payments are hard to make, think of creative financing options....maybe interest only payments or low interest for a set time frame. I'm sure everyone will be making more money in 5 years so at that time a higher payment will be fiiiiiiiiine.

If you REALLY want to increase home sales allow lenders to turn a blind eye to poor credit ratings and prior foreclosures, etc.

Didn't we just do this?


PS: Then of course......Ban Blogs.