Comments on: It’s official, tax credit is extended and enhanced! http://chicagorelocationblog.com/?p=930 Chicago Relocation Blog Tue, 07 Sep 2010 01:45:48 +0000 http://wordpress.org/?v=2.6.2 By: John Relo http://chicagorelocationblog.com/?p=930#comment-1574 John Relo Mon, 09 Nov 2009 15:48:55 +0000 http://chicagorelocationblog.com/?p=930#comment-1574 Extending the tax credit is a terrible idea: 1. Adds more debt to our already outrageous deficit 2. Creates artificial demand 3. Sets us up for less sales when the tax credit ends 4. Gives an opportunity for some to commit fraud 5. Could be unfair to some home buyers 6. Gives a credit to buyers that would buy anyway 7. No free market 8. Creates a false sense of recovery 9. It attacks demand, SUPPLY is the main issue Once again, economic-illiterate politicians and real estate agents try to control the law of supply and demand. Extending this credit will do harm. Extending the tax credit is a terrible idea:

1. Adds more debt to our already outrageous deficit
2. Creates artificial demand
3. Sets us up for less sales when the tax credit ends
4. Gives an opportunity for some to commit fraud
5. Could be unfair to some home buyers
6. Gives a credit to buyers that would buy anyway
7. No free market
8. Creates a false sense of recovery
9. It attacks demand, SUPPLY is the main issue

Once again, economic-illiterate politicians and real estate agents try to control the law of supply and demand. Extending this credit will do harm.

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