Sunday, July 12, 2009

More Trouble For Housing

To be honest, I'd like to see home prices drop another 10% if not more. Of what long term value is it to give tax incentives for first time buyers to prop up overall home values? You just get more people in more debt in order to save those who already overpaid. You want to help first time home buyers? Let the market bottom out so they buy houses for what they're worth - and what they can afford.

No comments: