Wednesday, May 13, 2009

NAR calls for expanded tax credit

The NAR is calling for an increase in availability to the first time home buyer tax credit to anyone of any income level. They also are calling to make the raised conforming loan limits permanent. Many of the policies today (loan modification, foreclosure moratoriums) will actually reduce home sales in the future so I always thought it was curious that the NAR supported them. But if they just plan for the government to come in an subsidize sales for the foreseeable future I guess that is one way they can have their cake and eat it too. Can the handouts keep coming? When will people say enough is enough?

1 comment:

natetg said...

Remember that NAR means 'fool' in German. They're trying to push sales today. Who cares about tomorrow.