Cash for clunkers, bailouts, billions of dollars paid out for all the things the Government says will bring about a faster and more stabilized recovery, not to mention the money for health care debate.
I agree, that all this is important at some level, but what happened to the home ownership issue. It has slid back to the bottom of the pile, with only some private companies trying to re-create it, with little help from the Government.
Brokers, banks and others are trying to pull the home-buying numbers up from it's low level, which by the way puts many Realtors on the unemployed list, but without the unemployment checks others get.
This brings me to a point. If you want buyers to jump back into the home-buying process, why not give the $8,000 to them to buy a house during the process. It could be in the form of a voucher, that has a monetary worth which can be submitted to the Government for payment, after an successful closing and pre-verification of eligibility. Maybe the voucher could go right into the deal to cover some costs incurred by the purchaser.
Waiting for a tax credit to maybe come down the road is in no way helping to pump up the real estate market right now. Maybe the Government feels it's not ready just yet to spend money on such a trivial thing. Let's face it, even the media doesn't ask whats holding up home buying in this country.
The Government did not tell Wall Street, the banks or the automobile industry, that they could take a tax credit to get them by for now. Why then should the real estate industry have to wait. Isn't it a priority too?
LET ME KNOW WHAT YOU THINK TOO.
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