The news today included another two billion for the Cash for Clunkers Program, so perhaps the first time buyers' incentive credit will survive for a while, also. If the government is able (or thinks it's able) to subsidize new cars to get gas guzzlers off the road and help the ailing auto industry, maybe it can continue to partially subsidize first-time home buyers and get the foreclosed homes off the market...while helping to revive depressed neighborhoods and the real estate market as a whole.
Now if only we could just create more jobs...
2 comments:
can you post or forward that link...I would like to read that story.
Thanks,
Albert
www.losangeleshomeloanpro.com
One of many articles verifying the $2 billion extension was at:http://money.cnn.com/2009/08/07/autos/clunkers_continues/index.htm?postversion=2009080711.
The opinion regarding real estate was my own.
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