Comments on: Why the $15,000 Home Buyer Tax Credit is Awful

By: Teresa Boardman

Teresa Boardman — Mon, 16 Mar 2009 22:13:48 +0000

I agree the 15K credit was a bad idea. Most people . . like the news media . . don’t seem to get that housing is part of the big picture and housing was the first thing to fall. Out leaders talk abut stabilizing the housing market. The housing market is a symptom of a much bigger problem.

By: The Great Housing Liquidation - All Foreclosures Must Go!-- Twin Cities Real Estate Blog

Tue, 10 Feb 2009 03:39:22 +0000

[...] Why the $15,000 Home Buyer Credit is Awful [...]

By: Aaron Dickinson - Edina Realty

Aaron Dickinson - Edina Realty — Mon, 09 Feb 2009 15:02:41 +0000

It could, but this is a tax credit that you only get at tax time (so you have to be able to pay for repairs and wait to be “refunded” or hold repairs till tax time) and is for ANY house and ANY owner-occupied buyer, so while it will help soak up foreclosures and short sales, it will not target them directly. Currently foreclosures and short sales are selling faster than they are coming on the market (in the Twin Cities at least) so I don’t know that I see a reason to push them harder right now.

By: ryan l

ryan l — Mon, 09 Feb 2009 14:55:36 +0000

couldn’t that 15,000 credit be used to rehab lender mediated sales making them more attractive and clearing out that inventory surplus faster, thereby removing the anchor from housing prices sooner?