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should it be continued: Is this such an extra-ordinary time that the government should be offering - and extending - a tax credit for "first-time" buyers? - 10/08/09 01:21 PM
Is the tax credit necessary?
We might appropriately ask:
Is this an extraordinary time? 
We surely would not want such a credit to be ordinary.
Well: 
This is an extra-ordinary time.
 
It is the first time home price have fallen so severely in a generation. 
To illustrate that, I'm going to reproduce here, one more time, the graph of the Portland, OR home prices over the last 22 years - as reported by the Case-Shiller Index (as reported by Standard and Poors and the Wall Street Journal)  Your metro area may vary.  (Only 20 cities are reported.  Eighteen of the … (39 comments)

 
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Jim Hale - On the MOVE for You! Eugene - Springfield Oregon Real Estate

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