This is nothing more than a homebuilders/developers bailout.
1 posted on
02/25/2009 10:04:14 PM PST by
lainie
And it was a republican who held out for, and got it.
2 posted on
02/25/2009 10:11:04 PM PST by
lainie
(The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
To: lainie
That’s lame.
There’s severe over supply of homes as it is. We don’t need incentives to build more... It is going to take years to fill the currently built homes. What a stupid move...
3 posted on
02/25/2009 10:12:21 PM PST by
DB
To: lainie
It isn't just that this doesn't help the sellers of existing homes. With that tax break it directly hurts the sellers of existing homes.
This is at the same time taxpayers can expect IOUs instead of tax refunds from the state.
4 posted on
02/25/2009 10:13:24 PM PST by
USNBandit
(sarcasm engaged at all times)
To: lainie
The developers that are sitting on empty new homes, built by low wage illegal labor, paid off the corrupt state government insiders.
5 posted on
02/25/2009 10:17:04 PM PST by
dragnet2
To: lainie
Crack down on illegal immigration and you will have a HUGE housing SURPLUS.
So what does California do?
Subsidize more new housing.
How incredibly stupid.
9 posted on
02/25/2009 10:46:14 PM PST by
calcowgirl
("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
To: lainie
This just lowers existing home values
Can’t these politicians do anything right?
10 posted on
02/25/2009 11:22:03 PM PST by
Steve Van Doorn
(*in my best Eric cartman voice* 'I love you guys')
To: lainie
lunacy - reward the builders who flooded the markets with homes and developments there were no buyers for
13 posted on
02/26/2009 12:01:55 AM PST by
blueplum
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