The Tax Credit of $8000 is coming to an end as of November 30th, 2009.  There are a large number of people who would like to see that going to keep the nice flow of sales coming through.  There are also a lot of people who feel that we will never be able to pay back all this money we are throwing at the problem.

A solution that I have been thinking about is perhaps going back to the $7500 tax credit similiar to what we had last year. The one which was more like an interest free loan that was to be paid back over several years by the buyer.  I think if this was extended to all buyers (first time buyers, investors, move up buyers) that the market would continue to reposition itself to a healthy spot.

If the $7500 is paid back over time it solves some of the issues of "who is going to pay for this all".  However, it also helps the buyers who are getting into these house that need some carpet, TLC and appliances to cover that now and pay it back over time. 

I do feel some variation of the tax credit needs to be in play, but I also don't want to drain the countries finances anymore then we have already.  This seems to address both sides of the issue and I believe would actually put more buyers in play if it was extended to ALL buyers! 

Your thoughts?

Chuck Carstensen

RE/MAX Associates Plus Inc

612-290-3809