November 2009 
There are 1 blog entries for November 2009.
The net effect of government intrusions in the Manitowoc Two Rivers Real Estate Market
Tuesday, November 3rd, 2009 at 11:08pm. 367 Views, 0 Comments.
Phoenix Realtor Greg Swann suggested I share this with you:
As I write this, the entire real estate industry is on tenterhooks, waiting to see if the $8,000 first-time home-buyers tax credit is going to be extended.
It’s not really a tax credit, it’s a taxpayer-funded subsidy, a “gift” extracted by force from everyone who does not buy a house under the program. The money taken from taxpayers — either now or later by deficit spending — is money that cannot be spent or invested elsewhere.
And it’s not as though this were a zero-sum game. The actual marginal sales — the home sales that would not have happened without the subsidy — may have cost taxpayers from $40,000 to $75,000 each. And as huge as those numbers are, they ignore the…
