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Housing credit extension and expansion, good or bad?

Posted by on Nov. 12, 2009 at 3:04 PM
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So, the housing tax credit is extended and even include buyers who are not firs-time buyers.  Is it really good for the buyers?  Or would it just induce a markey hype and set current investors up for another dip?

My observation was that when the car credit was offered earlier this year, it was impossible to purchase a car at a below MSRP price.  Knowing that during the regular years, buyers can negotiate prices between the invoice and MSRP, this credit actually harmed the buyers and benefited just the dealers.  After the credit offer ended, the car market seems to sink back to its previous states with the economy still recovering and job loss still high. 

Would it happen to the housing market as well?  Thoughts?

by on Nov. 12, 2009 at 3:04 PM
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