Comments on: Breaking News: Senate Plans on Extending and Expanding The First-Time Home Buyer Tax Credit http://boiserealestatesoup.com/extending-and-expanding-the-first-time-home-buyer-tax-credit/ Sat, 26 Nov 2011 13:39:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Steve Crossland http://boiserealestatesoup.com/extending-and-expanding-the-first-time-home-buyer-tax-credit/comment-page-1/#comment-251 Steve Crossland Tue, 03 Nov 2009 17:20:38 +0000 http://boiserealestatesoup.com/?p=1060#comment-251 The tax credit has some parts of Austin booming, especially South Austin. Anything under $200K has been on fire the past few months with multiple offers and over list price sales. But I worry about buyers becoming addicted to free money. Look what happened to the auto industry post 9/11, where discounts and specials became the norm and it became hard for dealers to start selling cars like "normal" again. I wish they would not extend the tax credit. Let's see if the market can hang in there. Eventually we have to stop giving away tax money to people. Steve The tax credit has some parts of Austin booming, especially South Austin. Anything under $200K has been on fire the past few months with multiple offers and over list price sales.

But I worry about buyers becoming addicted to free money. Look what happened to the auto industry post 9/11, where discounts and specials became the norm and it became hard for dealers to start selling cars like “normal” again.

I wish they would not extend the tax credit. Let’s see if the market can hang in there. Eventually we have to stop giving away tax money to people.

Steve

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