Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm buying a house, already have the mortgage prequalified. That $8,000 credit and the lower interest rates will make my mortgage affordable. We have no debt, with a V.A. loan at 5.0% (locked in) this is a good time for many of us to afford a home of our own.
I'm buying a house, already have the mortgage prequalified. That $8,000 credit and the lower interest rates will make my mortgage affordable. We have no debt, with a V.A. loan at 5.0% (locked in) this is a good time for many of us to afford a home of our own.
What will make prices more affordable is when the actual cost of the house decreases by another 20% next year.
Insult your intelligence? Look up "aggregate demand," and then get back to me. Once you have a handle on that, find out what people did with Bush's $300 stimulus checks, and think about what people are likely to do with $13 per week.
Regardless of how the stimulus is constructed, the fact remains that people have received a tax cut.
Right, 'cause those $300 checks obviously avertet the crisis we're in now.
Continue to live in whatever make believe world you choose. Semantic trickery will not solve this crisis.
Right, 'cause those $300 checks obviously avertet the crisis we're in now.
Continue to live in whatever make believe world you choose. Semantic trickery will not solve this crisis.
I have no idea what you're talking about.
You claim $13 per week is "not meaningful or substantial." My trash bill is about $20 per month, and yet a huge profitable company exists based on this amount which is "not meaningful or substantial." (Waste Management, Inc. must exist only in my "make believe world," eh?)
Just because you personally won't receive much benefit from the tax cut does not mean it's meaningless to the economy.
The $300 checks didn't stimulate the economy because people didn't spend the money. They saved it or paid down debt. $13 per week will almost certainly be spent, which is the idea behind a stimulus.
What will make prices more affordable is when the actual cost of the house decreases by another 20% next year.
Housing prices here have not been affected as drastically as they have in many parts of the country. It's also a bit difficult to find handicapped accessible properties. One factor is that our mortgage will be lower than rent. Fortunately, we waited out the interest rates and somewhat higher prices of the last few years.
So, Obama proposes tax cuts, and Republicans complain.
I just don't understand what you want. I really don't.
I bought an apartment due to a tax rebate when I first got out of college and it helped a whole lot to put another homeowner in the inner city and to provide me significantly more income when I sold it a few years later.
Trying to put the housing bubble back together again so we can have the appearance of a booming economy will be like putting Humpty Dumpty back together.
Obama hasn't yet come up with anything that is close to change. The housing bubble during the Bush years along with lowered wages for Americans through the export of our jobs and the import of millions of cheap labor to build the cheaply built houses for huge profits by the builders was the basis of what to some looked like a good economy. Now the housing bubble burst and no one has another plan.
Taxes have been cut for 95% of earners. That's not everyone, but it's darn close. You may not like the amount ($400 a year, IIRC), but the fact is that (nearly) everyone's taxes have been cut.
Yes and when they let the Bush tax cuts expire in 2010 you'll be paying that back and then some.
Obama gives you $15 and takes back $45 when the bush tax cuts are let go. Can you do basic math? I see a $30 net loss there.
Yes and when they let the Bush tax cuts expire in 2010 you'll be paying that back and then some.
Obama gives you $15 and takes back $45 when the bush tax cuts are let go. Can you do basic math? I see a $30 net loss there.
Taxes will have to be raised some day ... low taxes cannot sustain government forever. I'll gladly pay a tad bit extra in taxes if it means eventual universal health care and a smaller budget deficit/smaller national debt.
And I am definitely part of the 95%. In my opinion, the 95% needs to toughen up like the top 5% are being forced to (maybe not to the same level, but a % point or two).
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
