Hurray! First we give $4,500.00 in taxpayer money to people that can't AFFORD a new car to begin with. Now we're starting the whole housing bubble all over again by giving $15,000.00 to people that can't afford to own a house! Yee Gawds!
Posted on 09/03/2009 6:13:42 PM PDT by FromLori
Bills to extend the maximum $8,000 tax credit for first-time home buyers, which expires Nov. 30, are pending in both the U.S. House and the Senate.
Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban Affairs Committee, is co-sponsor of a bill with Georgia Republican Sen. Johnny Isakson that would raise the credit amount to a maximum of $15,000.
Senate Majority Leader Harry M. Reid of Nevada favors an extension of the current credit. He was quoted by the Las Vegas Sun saying, "It's something we can get done."
Odds are that the credit will be extended and broadened to cover all buyers next year, but the chances of the amount increasing aren’t as good, observers say.
Hurray! First we give $4,500.00 in taxpayer money to people that can't AFFORD a new car to begin with. Now we're starting the whole housing bubble all over again by giving $15,000.00 to people that can't afford to own a house! Yee Gawds!
Stop all the giveaways 100%!
Give these people that kind of money and all they’ll do is buy a more expensive house and loose it later. If they want to do that, put a maximum price on the house of $150,000....then apply the $15,000
Perfect picture to describe the situation thanks.
Breaking news: housing prices are now $8000 more expensive
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