$8,000 FIRST TIME HOME BUYER TAX CREDIT

I have mixed feelings about the first time home buyers

credit.  As a realtor, I think this has been a good thing to spur movement within the market.  I do, however, believe that the affordability factor does come into play here as well.  Perhaps people would not have “flocked” to buy, but I think that they still would have bought.  A tax credit incentive certainly sweetened the pot.

However, as a tax payer and proponent of small government I am not so sure that this is a good thing.  We are once again artificially propping up our economy.  Will the bureaucrats in Washington ever get it right?  Are we creating another mortgage crises?  Are we looking down the road at another collapse?  Perhaps a different one?  I cannot help but be concerned.  What has happened in our market should be of concern to everyone….no just homeowners.

We can no longer stick our heads in the sand.  Remember, you cannot complain about the problem if you have done nothing to help correct it.  We are all guilty of going along with the flow.  I think the “flow” has stopped and we all need to get involved.