I have to agree with Jack Hough and his WSJ article that the U.S. doesn't need more home-buyer 
perks. The best way to get people into homes is to let the artificially inflated housing market continue to correct itself. The $8,000 first time buyer tax credit and the new $6,500 tax credit for existing homeowners that purchase, though relatively ineffective, slows the correction and robs the treasury of badly needed funds. Let's hope this is the last NAR/banking housing "stimulus" scheme we see.
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Amen to that.
Posted by: the Mayor | November 24, 2009 at 06:25 PM
This is an awesome read. Keep writing. We'll keep reading.
Deirdre G
Posted by: philippine homes | April 28, 2010 at 11:46 PM