Relevant:
- Southern California home sales slide in August
- Congress Considers Tax-Credit Extension for Some Home Buyers
- Existing Home Sales Fall 2.6% to 4.86 Million in June
- Existing-home sales slide for third-straight month in June, touch 5-month low as housing sputters
- Taipei's Home Prices May Fall for Second Month in April on Tax, Sinyi Says
2010-07-27 — ml-implode.com
``... towards the end of the month the government announced that they would extend the tax incentive program for those that signed contracts by April 30th... Okay, so what would you expect to happen in June? Wow, that’s a tough one. How about this: housing prices won’t fall through the floor yet because of the last minute tax buyers. They’ll fall off the proverbial cliff a little more in July, and a little more in August and then a little more in September, when the tax incentive effect will be all gone. Genius, huh?''
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Comments:
catherine at 21:33 2010-07-27 said:
and the final prop, mortgage interest deductions won't make it a year. When taxes rise in 2011 (local, county, state and fed) about 30-40%, they can't have rich homeowners trying to get a break now, can they??? :P :roll: This industry is now owned lock, stock and barrel by the US Government and if you like the other things the government totally owns, like loser Amtrack, the horrid post office and the customer service IRS then you are going to love FANNIE INDUSTRIES................. Permalinkadd a comment | go to forum thread
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