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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (114055)4/1/2008 6:44:09 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
1.) Democrats also want to provide $4 billion to states to buy up and refurbish foreclosed homes,

What the bleep is that about. And what are they going to do with them once they buy them and refurbish them... give them to habitat for humanity?



To: Elroy Jetson who wrote (114055)4/1/2008 6:45:01 PM
From: patron_anejo_por_favorRespond to of 306849
 
It's a giant pork barrel program designed to help incumbents 'defaulting' on their reelection prospects and nothing more. It should be viewed through that lens and that lens only.

Where is the relief for the dozen or so people in America who refused to overextend themselves and waited to buy a home?

Dodd/Shelby/Frank to savers:

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To: Elroy Jetson who wrote (114055)4/1/2008 7:22:11 PM
From: Jim McMannisRespond to of 306849
 
It's mind boggling. Maybe somebody can stall it.



To: Elroy Jetson who wrote (114055)4/1/2008 8:35:35 PM
From: 10K a dayRead Replies (1) | Respond to of 306849
 
ridiculous. let the banks take the home back. what's the big deal. everyone knew what they were getting in to. Don't let the banks go after personal assets. This is much to do about nothing.



To: Elroy Jetson who wrote (114055)4/1/2008 9:57:45 PM
From: James HuttonRead Replies (1) | Respond to of 306849
 
"#2 is another bank subsidy program so so lenders don't have to lower the price on their REOs as much.

2.) The upcoming bill also is sure to attract a GOP amendment by Sen. Johnny Isackson of Georgia to award $15,000 tax credits to people who buy and move into foreclosed homes. That would sharply boost demand, Isackson says. Lawmakers in both parties support the idea."

Guess who else this might help . . .

"Shortly after graduating from the University of Georgia, he opened the first Cobb County office of Northside Realty, a prominent Atlanta-area real estate firm. He became company president in 1979, a post he held for 22 years, during which Northside became the biggest independent real estate company in Georgia. . . .

He is ranked the 7th most conservative Senator by National Journal."




To: Elroy Jetson who wrote (114055)4/1/2008 10:58:10 PM
From: bentwayRead Replies (1) | Respond to of 306849
 
"2.) The upcoming bill also is sure to attract a GOP amendment by Sen. Johnny Isackson of Georgia to award $15,000 tax credits to people who buy and move into foreclosed homes. That would sharply boost demand, Isackson says. Lawmakers in both parties support the idea."

Cool beans! I've been buying 'em without a tax credit because they're cheaper!