Sunday, March 23, 2008

Idiotic Housing Market Plan

According to, the idiots in Washington have come up with a plan to save us all. They are considering a tax credit for buyers of new home construction and foreclosed homes.

If your home is not in foreclosure and you want to sell it, you will have to compete against banks and homebuilders who have a "tax credit" in their pocket. In order to compete, you will have to lower your price by the amount of the tax credit.



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