Just heard over the wire that on top of the additional $300 billion that our esteemed leaders in congress are batting around right now, the Home Builders Association of America is lobbying hard for a separate $286 billion dollar stimulus package for the housing market (that is 586 Billion combined folks).
In their plan they are asking for a 10% credit for homebuyers PLUS a government backed LOW FIXED RATE to help spur the market. Now, anyone who has read my blog knows that I suggested a way to fix this mess would be to reduce the 30 Year Fixed rate to between 3 - 4.5% (depending on credit score) for a period of 180 days to stir the market. As I stated then and will say again now, I am by no means an economist. That said, I had to chuckle that this was mentioned on a National Broadcast by a major lobby group.
Makes me wonder if someone from the Home Builders Association of America is reading my blog! Heck, I knew I was good, just didnt know I was that good...
Anyhow, at this point I am against any more of OUR money being handed out. I do believe that $700 BILLION is enough to pass on to our children - don't you? Had they not knee jerked and handed out billions to those who helped to get us in this mess, I might see this current proposal as promising.
Question though - would a lower interest rate cost Americans to have to dole out more? Even at 3 - 4.5% someone is going to get return on the loan right?
Regards,
Tim Cash
Crye-Leike Realtors
thecashteam@cashsofclarksville.com
931-338-1375 or 931-436-7617
The Cash Team - making dreams come true one home at a time.
Proudly serving the citizens of Clarksville and the Soldiers of Fort Campbell.
Regards
Tim and Pam Cash
Crye-Leike Realtors
931-338-1375 or 931-436-7617
The Cash Team - Making dreams come true one home at a time. Proudly serving the citizens of Clarksville and the Soldiers of Fort Campbell. To view available Clarksville properties, please visit our website at www.cashsofclarksville.com or email us at thecashteam@cashsofclarksville.comand we will run a custom search for you. Finding you and yours the perfect property in Clarksville Tennessee and surrounding areas is our goal.
