Thoughts on the First Time Home Buyer Tax Credit

By
Real Estate Agent with Keller Williams Premier

If you're like me you probably have mixed views on tax credit.  It is estimated that the February first-time home buyer tax credit cost the government roughly $43,000 for every additional home sale it generated!

Here is a few thoughts I have for new tax credit:

Will home prices decrease because existing home owners will just reduce their home price $6500 knowing that they will make it up on the back end?  Will this force existing home owners to compete with foreclosures so that buyers will buy their home and not bank owned? Then forcing bank owned to lower theirs. 

I think this a great for business,but I think the future will suffer.  We need more quality buyers not more listings.  This will put more listings on the market ultimately reducing price.

Thoughts?

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
first time home buyer tax credit
tax credit
home prices
buyers
sellers

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the robot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tree to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
41,078

Ryan Bretzel

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the house to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information