Posted on 10/22/2011 11:08:02 AM PDT by Hojczyk
*ahem* the election in 2008 was a mistake.
2008 was the beginning of our end.
Cash for clunkers was an indirect pay off for union support of the criminal enterprise party. If inventories were not reduced quickly, many union slugs would have been laid off. It was also a fascist way to inject the federal oligarchy into more of the nation’s life.
This clown is a financial advisor to The One and he just figured this out? At the time my high school age daughter asked my if this didn’t just move demand and not increase it
Ghoulsbee is such a f’n economic idiot.
I’m not sure if there is any accurate, non-biased research on the home tax credit. From the sources I have the most trust in, it appears the effect was almost nil.
If it had convinced people living with their parents to buy a home, it would have had a beneficial effect. From what I have read, most of the people that took advantage of it were already planning to buy a house, and would have done so with or without the credit.
I’d forgotten about cash for (economic) clunkers (the ‘rat party).
It also bled the after market of cheap used cars, raising prices and making it that much more difficult for low income people to secure transportation. Obama socking it to poor people to pander to the wealthy union thugs.
I liked the home buyers tax rebate! I got $8,000 of my tax money back for a house I was going to buy anyway. Even so they kept more than $25,000 in income tax that year...
Obama’s stimulus plans to jobs plans are all about subversion and funneling cash to ACORN and all who hate America.
http://www.wnd.com/?pageId=346617
Only a damned fool would say they always made the right decisions.
If we hadn’t waited until after the tax credit was gone, my house would have been $25k more than we paid for it. I’m quite happy without it.
Only a bigger damned fool would have made such moronic decisions in the first place.
And it was a stupid waste of resources too. People’s usage of an automobile varies greatly. A cheap gas-hog clunker might be the ideal thing for the proverbial grandma who only goes to church on Sunday and grocery shopping on Wednesday. Or for the person who works nearby where he lives. She appreciates the protection of the land yacht, and does not use much gas in total. A Prius would be wasted on her, assuming she could afford it. Letting the clunker be traded in and resold was more energy wise than destroying it.
I don’t think I could have gotten the seller off the price much more. I knew they had turned down a couple of really low ball offers.
We got a engineered, milled log house 2400 sq ft on 43 acres with a 3 car garage across the street from the second largest lake in Texas for $85 a sq ft and $1,775 an acre... I don’t think we did bad.
I think it depends on where you are. Much of the country saw prices fall well below that $8k tax credit. We were looking at houses over that period of time and got a hard sell from the real estate agent, but I knew better and we definitely came out ahead. And here in Upstate SC, real estate saw much less of a fall off than many other areas.
The owners of our house didn’t want to go any lower either, but they also wanted to sell their house, so they had to eventually. Thankfully, there was a foreclosure in the neighborhood that we were able to use to make our case for a lower price.
God was on our side, because that foreclosure dropped their price by another $20k on the morning we were negotiating, which got them to immediately accept our offer.
2008 was Year One of the Zombie Apocalypse.
I’m in a timerland area and generally average land goes for +/- $2500 per for raw land and replacement on the house would be about $150 per sq ft.
We are in the East Texas piney woods.
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