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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (50000)2/5/2009 9:46:01 AM
From: Mac Con Ulaidh  Respond to of 149317
 
I think it is only for 1st time buyers, so defaulters wouldn't qualify anyway.

And not everyone is out of work, so perhaps the tax break would help and/or attract those buyers in a position to purchase now? If any banks will bother to loan. I'd prefer to see the housing situation dealt with in a separate bill geared towards it. Done quickly, of course. The issue is pretty much beyond me, tho. trying to figure it out a little.

Something strong passed to stop the freakin balloon loans could go a long ways to help? Alabama is working on that on a state level. We suprisingly have a few things on tap this session that are downright modern and helpful to people. Shocking.



To: ChinuSFO who wrote (50000)2/5/2009 12:48:19 PM
From: koan  Read Replies (1) | Respond to of 149317
 
>>
The Senate has put in a $15,000 tax break for those who buy a new home. But the question remains, where will they get the money from to buy a home. Particularly the defaulters.

A dumb Senate idea<<

Boy do I agree. They need to give the buyers the $15,000 up front!!


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