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  • Homebuyer Tax Credit: Update [View article]
    I'll reiterate what I said on a local real estate thread:

    If this passes the way it's proposed, it will prop up the prices of higher priced homes and reduce the availability of lower priced homes--exactly the opposite of what the government says it wants to happen.

    Case in point--if you buy a $150,000 house, the credit will be $7,290. If you buy a $700,000 house, the credit will be $7,290.
    Oct 29 01:41 am |Rating: 0 0
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