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  • What Will Happen When Homebuyer Tax Credit Expires? [View article]
    My son is attempting to buy a condo right now.He has made 3 offers on 'short sale" properties offering to pay their asking price. Not one of the banks has responded and its been 6 weeks now (BOA and WFC). His realtor states that 1st Time Buyers are 75% of the market now. Take that away and watch those foreclosures increase and housing sink even further!


    On Sep 26 03:58 PM Jasper M wrote:

    > "conomy survive without all this massive government stimulus of the
    > housing and mortgage markets?"
    >
    > I think you know the answer.
    > It survived such before.
    > There will certainly be a period of painful readjustment - like an
    > addict going through withdrawal. In fact, JUST like an addict. But
    > it will not be the end of the world. And the sooner we embrace the
    > (painful) healing, the better
    Sep 27 10:36 am |Rating: +2 0
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