tax credit: tax rebates- bandage on a open wound
- 04/07/10 05:58 AM
Although the current tax rebate, scheduled to end on April 30th, has helped many sellers get rid of some property, and likewise given buyers an incentive to take action, I do not see the long range benefits that are being proposed. To think that a buyer is going to take on a 15-30 year mortgage just to receive a $8000 (plus their state's incentive) tax credit is ridiculous. Also, the fact that this is not money that the government is going to pay, should be at the front of every tax payers agenda. Old economics lessons teach that the government does … (0 comments)
Although the current tax rebate, scheduled to end on April 30th, has helped many sellers get rid of some property, and likewise given buyers an incentive to take action, I do not see the long range benefits that are being proposed.;)
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