http://firsttuesdayjournal.com/homebuyer-tax-credit-part-2-return-of-the-subsidy/ Wed, 08 Feb 2012 04:44:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://firsttuesdayjournal.com/homebuyer-tax-credit-part-2-return-of-the-subsidy/comment-page-1/#comment-53028 RE Tue, 22 Dec 2009 21:18:50 +0000 http://blog.firsttuesdayjournal.com/?p=2152#comment-53028 There is another twist to this tax credit… The government is creating more devaluating properties, because the home owner is using funds that are going to be replenished at the end of the year as if they did 100% financing. As more and more REO/Short Sales become available prices will continue to decline and the only reason they are declining at a slow rate is the banks are able to Market to Market, holding out on foreclosure and inventory to make it a slower transition. In conclusion the home owner incentives will only continue keeping the lower end market underwater…. There is another twist to this tax credit… The government is creating more devaluating properties, because the home owner is using funds that are going to be replenished at the end of the year as if they did 100% financing. As more and more REO/Short Sales become available prices will continue to decline and the only reason they are declining at a slow rate is the banks are able to Market to Market, holding out on foreclosure and inventory to make it a slower transition. In conclusion the home owner incentives will only continue keeping the lower end market underwater….

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