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To: hchutch
If I'm not mistaken, the thing he's supporting is a tax credit,

Please review my numbers on this topic. I show that it is largely a socialist giveaway program.

139 posted on 06/18/2002 11:15:03 AM PDT by Lazamataz
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To: Lazamataz
Huh I guess you would rather build huge public housing projects, rather than helping people own private property.

Gee FDR would be proud of you.

144 posted on 06/18/2002 11:18:17 AM PDT by Dane
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To: Lazamataz
Look, home ownership is something better than the welfare system that the Dems run. Again, would you rather promote home ownership, or welfare-state dependency? The program's not perfect, but it's better than the alternative.
152 posted on 06/18/2002 11:23:17 AM PDT by hchutch
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To: Lazamataz
I show that it is largely a socialist giveaway program.

I don't know if it can be considered a "socialist giveaway" or not, but the tax credits part of it is largely an attempt to manipulate the market. If there was a market for low income housing, the developers would be building it. Since they aren't, I have to assume it's either a low profit or no profit venture. The tax credits are an attempt to artificially inflate the profit potential in building low income housing to inflate the supply. If the developer's aren't careful they'll lose their butts, because tax credits don't do you any good if you didn't make any money to owe taxes on. Government attempts at market manipulation seem to have a history of unintended consequences as bad as, or worse, than what they were trying to solve.

183 posted on 06/18/2002 11:45:46 AM PDT by tacticalogic
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