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Obama - First Family

  • Sons: Ages 21, 20 & 16
  • Group Leader
Extension of Home Buyers Credit
FamilyHost_Cheryl - 2 weeks ago
I heard on the news where the first time home buyers tax credit has been extended until May 1st and there is now a credit for some other home buyers (income determining) who have lived in their houses for at least five years. This additional credit is in hopes of stimulating sales of middle priced homes vs. the entry level homes that many of the first time buyers purchase. What do you think? Smart idea or not?
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  • Son: Age 32
  • Oklahoma
  • Work full-time outside home
BroncosDad - 2 weeks ago
It's a band aid. The general philosophy seems to be creating programs to drive Americans deeper into debt by purchasing new cars, new homes, etc. I think that is a broad road to economic chaos. Just my opinion, though. :)
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open quote "Denver Bronco's Fan since 1982"close quote
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  • Sons: Ages 21, 20 & 16
  • Group Leader
FamilyHost_Cheryl - 2 weeks ago
Replying to ...
  It's a band aid. The general philosophy seems to be creating programs to drive Americans deeper into debt by purchasing new cars, new homes, etc. I think that is a broad road to economic chaos. Just my opinion, though. :)  
By BroncosDad
I just keep thinking that saving jobs will be what helps to turn this economy around. I think people will be more inclined to enter the housing market and spend (though probably more wisely in the future) when they are not worried about losing their jobs. The million dollar question is how to make that happen.
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