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GOVERNMENT INITIATIVES

By
Real Estate Agent with One Sothebys International Realty

A couple of weeks ago, I read on the internet a somewhat contrarian view about the 1st time homebuyer credit of up to $8K. The author of the piece opined that the credit was ill-advised, in effect it provides a credit to buyers that would have bought property anyway, regardless of the credit.  The author went on to say that the credit simply inflated the price of realty, much like the mortgage interest deduction & the capital gains' exclusion.  Caught up in the day-to-day details of the business, I had never stopped to consider how the government's initiatives impact the ultimate price of the housing stock in this country.  Any other views?

 

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Comments (1)

Ron Trzcinski, 410-935-5844
410-935-5844 Office - Cockeysville, MD

I conceptually agree with those comments.  Typically, it is a conservative point of view that wants the Government to stay out of all markets, unless it is their market.  Just consider how many agents are conservatives, but are in favor of the $8K credit.

Nov 17, 2009 06:14 AM