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Answers (5)
- Pasadenan
- Contributions:21453
Yes, I agree with Pat; you should spend $30k extra to get your $8k "give away" so that Pat can have his 1.5% commission.
Makes perfect cents....
Only problem is that Pat is not licensed in California, so you cannot give him your commission.
Makes perfect cents....
Only problem is that Pat is not licensed in California, so you cannot give him your commission.
- Pat Pribisko, "Pat Pribisko"
- Contributions:1426
If you are thinking of buying & are able have a Purchase Agreement in place by April 30, 2010, I suggest you do so. We have no guarantee that the Congress will approve another extension.
- Michael Emery, "MikeEmery"
- Contributions:7297
New home sales in December 2009 had their worst sales in 50 years.
And this is while there's a tax credit.
What the heck is going to happen when the credit goes away?
And this is while there's a tax credit.
What the heck is going to happen when the credit goes away?
- Pasadenan
- Contributions:21453
There has been lots of discussion, but it is not up to Obama, but rather Congress. And congress is still hoping that this one ending right as the spring buying season is increasing should have enough momentum to keep prices from dropping.
Of course they are dreaming. But really, we won't know how fast the prices will drop and the sales will decrease until after the incentive ends. If congress does decide to do something to intervene again, I would guess they will wait until about September. But then I thought they would wait until about January for this present "give away".
They panic so easily, that it is anyone's guess what their next incentive will be and when it will take place.
Just remember, the only reasons they do it is to:
1) increase county, state and federal tax revenue
and
2) keep from having to pay out to depositors for the FDIC insurance provided for the failing financial institutions.
Of course they have to borrow to make these give-aways, but they would borrow even more if tax revenue dropped substantially, or if they have to pay the depositors the full balance on their deposits when the banks fold.
Just shows that none of them really believed in "free market economics" in the first place, and that they should have been providing and enforcing better regulation all along.
Of course they are dreaming. But really, we won't know how fast the prices will drop and the sales will decrease until after the incentive ends. If congress does decide to do something to intervene again, I would guess they will wait until about September. But then I thought they would wait until about January for this present "give away".
They panic so easily, that it is anyone's guess what their next incentive will be and when it will take place.
Just remember, the only reasons they do it is to:
1) increase county, state and federal tax revenue
and
2) keep from having to pay out to depositors for the FDIC insurance provided for the failing financial institutions.
Of course they have to borrow to make these give-aways, but they would borrow even more if tax revenue dropped substantially, or if they have to pay the depositors the full balance on their deposits when the banks fold.
Just shows that none of them really believed in "free market economics" in the first place, and that they should have been providing and enforcing better regulation all along.
- Sin Yi Lambertson
- Contributions:59
I haven't heard of any. How much debt can we go in as a country?
Has there been any discussion on whether Obama will extend the tax credit one more time?
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