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Answers (15)
- Maria Picardi Kenyon, "mariapk"
- Contributions:437
I hope not. The only thing it accomplished was a false sense of security and sellers holding tight to unrealistic pricing.
- Alpa Bhagat, "Alpa"
- Contributions:28
Hi Robert,
No, I would hope not.
No, I would hope not.
- Gershon Alexander, "Gershon Alexander"
- Contributions:60
I highly doubt it
- SteadyState
- Contributions:783
I would support such a bill if the money for the bill would come from increased income taxes on REAs.
- Mark McDonald, "Asbury Park Mark"
- Contributions:104
My parents and grandparents were right. "If you can't afford it - don't buy it"! And the same goes for a home. If one needs such a tax credit in order to buy, it's only going to put the entire market at risk later on when even more foreclosures start to come it.
I most certainly hope our govenrnment - in all it's wisdom - does not!
- hpvanc
- Contributions:2570
Unlikely and I certainly hope not.
- SoCal_Engr
- Contributions:5663
Short Version...
No.
Longer Version...
There's no "political incentive". Too late to influence the upcoming elections. For the next round of elections, either there will be too many conservatives to make that nonsense fly again, or we'll all be living in government housing (okay, maybe that's an exaggeration - but not by much).
No.
Longer Version...
There's no "political incentive". Too late to influence the upcoming elections. For the next round of elections, either there will be too many conservatives to make that nonsense fly again, or we'll all be living in government housing (okay, maybe that's an exaggeration - but not by much).
- James Berman, "TheNJRealtorGuy"
- Contributions:198
no
- Metro Indy Expert.
- Contributions:197
I sure hope they don't, the Govt. is broke and if they come up with another tax credit they have to find the money to pay for it and in the end we the Public end up paying for it.. Let the market return to some sense of normalcy. People will still buy homes.
- Myesha Molenda, "MyeshaME"
- Contributions:118
I don't think there will be another tax credit bill since homeowners are now having to pay for the last tax credit. Since it was filed incorrectly, the $8,000 will be going back to the government.
- Victoria Macaskill, "denverishome"
- Contributions:271
I feel that having made the announcement that they may bring back the credit buyers are now waiting on the sidelines despite rates being so low. Just making the announcement has taken some normalcy out of the market. Drat. I also think if they may want to see market data for August/September before making a decision. I really hope they don't.
- Christine McGinty, "whitemountainagent"
- Contributions:273
I agree. We have to see some normalcy restored to our real estate market. We need to hope we don't have another surge of foreclosures as a result of the last tax credits. I have always felt, if you can't afford a home without stimulus, then you need to wait until you can.
The only reason to do it would be political points for the election... but the pulse of the public has recently been that the government has already interfered too much, thus such actions may lose them political points instead of gain them.
If they are going to do so, they would need to start talking about it before the end of October, or it will be too late for the election.
As it is the middle of September and there is no sign of them starting to discuss such things yet, and since NAR has even implied the government manipulation of prices should not be continued, it appears to pretty much be a dead issue now. But the states took up the government interference banner and have replaced federal give-aways with state give aways, thus the market is still propped up in most of the country.
If they are going to do so, they would need to start talking about it before the end of October, or it will be too late for the election.
As it is the middle of September and there is no sign of them starting to discuss such things yet, and since NAR has even implied the government manipulation of prices should not be continued, it appears to pretty much be a dead issue now. But the states took up the government interference banner and have replaced federal give-aways with state give aways, thus the market is still propped up in most of the country.
- Simon Mills, "Mills Realty"
- Contributions:1858
Unfortunately with elections coming up I do feel another stimulus plan is on the horizon. I am with wetdawgs on this one as the government nor the real estate market can afford another artificial prop due to a short term stimulus fix that will have longterm negative ramifications.
Simon Mills
Mills Realty
Simon Mills
Mills Realty
- wetdawgs
- Contributions:26804
I sure hope not. Housing prices have to reach a level that can be sustained without artificial means for propping them up. The government cannot afford the costs associated with another tax credit.
Do you feel the government may pass another tax credit bill?
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