But wait its not over... If I remember correctly the $8000 incentive to by a house will run out at the end of November. One would expect the real estate market to react with a big dip after that. Again this will be timed to the winter months which are traditionally the slow period. Large good which sales are often tied to house sales, ( new appliances and such) should also see a dip. 4Q09 and 1Q10 are going to be messy.
“Large good which sales are often tied to house sales, ( new appliances and such) should also see a dip.”
There will be a Cash For Appliances program.
This SHIT has to stop!
WSJ: IRS Examining Many Suspicious First-Time Homebuyer Tax Credit Claims
http://www.freerepublic.com/focus/f-news/2366271/posts
Tying it Together: Massive, Pernicious Fraud
The entire finance and real-estate “industry” is filled with massive, pernicious fraud, and we now have only one question remaining - will The Government do its lawful and mandated job, that of prosecuting the bad actors, or has it joined with the fraudsters, become one with them, and thus, declare itself as a gang of mobsters rather than a legitimate government? The latter, of course will beg only the question of what should be an ordinary American’s response.
http://market-ticker.org/archives/1514-Tying-It-Together-Massive,-Pernicious-Fraud.html
Four-Year Old Buys House With Federal Money
http://www.businessinsider.com/four-year-old-buys-a-house-with-stimulus-money-2009-10
$35 Billion Slated for Local Housing
http://online.wsj.com/article/SB125409967771945213.html?mod=rss_whats_news_us
Well-Heeled Abuse Shelter Implicated in NYC Housing Scam
http://www.renewamerica.com/columns/roberts/091022