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2010 May 6, 8:20am
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2010 May 6, 8:20am
http://marketplace.publicradio.org/display/web/2010/04/30/mm-homebuyers-tax-credit-impact-market/
looks like the impact is more than negligible...
From every report I’ve read, the tax credit has had negligible impact. Most people claiming the credit would have bought anyway. In the mid to high range it probably made no difference. The government just took money from me and gave it to somebody else that didn’t need it. That’s all.
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I know it looks like a sidebar on an email page - should be under a .gif with of a dancing lady or some such nonsense.Â
So what happens now? Spring buying season as usual or doldrums?
personally I consider it an instant drop in home price. I put two offers out in the past two weeks and if either come back to me the original offer price is off the table. I figure it will take two months before the contacts in process close and then the sobering statistics start to emerge.
#housing