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I can only pray people in power read this stuff.
Jan 13 12:15 pm
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All Comments by BHMTom »December Brings Better Housing News, But Still No Signal of True Bottom [View article]
Want to solve the housing quagmire and look like a savior? Mr. Obama PLEASE lift,... ALL...the capital gains tax on any home bought over the next 3 months. Yes there is no money to be lent, but the housing supply would dry up with in....say how many days? 4-7 if that. I went to an auction in the Birmingham area and saw a book full of $10K and less homes being sold on the steeps. I could have bought a block of homes with my home equity, but home after home went with out a bid. The nice $250K and above got bids, but the banks retracted the amount and sitting on em. Mexican stand off !