Does it feel like if you pay your bills on time, buy reliable, high-MPG cars and have invested into a home, you’ve been shafted by all the stimulus plan? The problem has been the Federal government has been rewarding bad behavior. So, if you’ve been renting your whole life, or drive a “clunker”, you don’t get any help!
It’s about time that Congress started talking about giving the Average Joe the same tax break that they’ve been giving the first-time buyer.
What will this do for the economy? I don’t think anyone will be able to tell. Even the experts are consistently wrong about determining the long-term effects of any stimulus. And let’s not forget the taxpayers who will be paying the bill for these stimulus packages over the next few hundred years. Those poor suckers. Oh wait, that’s all of us.
But, let’s just say you want to get a good deal on a home where the price has finally dropped down to the “affordable” range. But you were a complete idiot and bought a home a few years ago. Sucks to be you. Wish you would’ve waited to invest in property until the Fed was going help you out, right? But maybe that’ll change. Let’s cross our fingers. Instead of rewarding the few who never bought, let’s extend that tax break to everyone.
Of course, if you don’t have good credit to qualify for the new standards for credit scores needed to qualify for a mortgage, none of this news is good. But…
I♥CR
Tags: clunkers, credit restoration, credit score, mortgage loans, stimulus, tax credit