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NAR and NAHB Get Their Bailout Bill

I wrote a post on my mortgage advice website on the Senate passing the tax credit on home buying which is hoped will stimulate the housing market.

This is a "bailout" for Realtors and Home Builders...which does NOT stimulate the economy...but it sure can slow down the housing market from hitting a supportable Demand vs. Supply equilibrium.

To learn what's in the amendment to the Stimulus Bill....click over and read...

$15000 Housing Tax Credit: Senate Adds Billions To Obama's Economic Recovery Bill

Posted by Rob K. Blake, "The Mortgage Insider" on 02/08/2009 09:48 AM

Comments (4)

Interest Rates in the Mortgage / Finance Channel

bailout, nar, nahb, realtors, home builders, tax credit

Post is included in group: Realtors®
Post is included in group: Mortgages

4 Comments on NAR and NAHB Get Their Bailout Bill

FEB

Democracy = every man/organization for themselves, damn the consequences!

Let's see, a large part of our current economic issues were caused by a real estate bubble. So, rewind and let's try it again!

I can't believe Congress caved-in on this one! I hope they don't approve the subsidized purchase mortgage rate.

Such short sightedness will only prolong the current recession.

I agree. This sucks. They are going to sell future generations into inconceivable debt to prop up today's ridiculoust housing prices.

http://wcvarones.blogspot.com

FEB

Thank you for sharing these links, Rob... I'm truly praying for wisdom for those making decisions. So much is at stake.

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