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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: koan who wrote (265382)7/31/2010 3:05:44 PM
From: BonefishRead Replies (2) of 306849
 
He did bailout the homebuilders with a tax rebate.
He did give and extend $8,000 and $6,000 tax credits to homebuyers, first time and old.
He's backing anyone who wants to give their house back to the bank and skip out on the mortgage.
Why stay in your home regardless of the interest rate when it's sinking in price and the bank will let you skip out?
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