Post by account_disabled on May 1, 2024 23:43:29 GMT -5
If they turn around and sell the home the tax credit amount is payable right away. If they live in the house then the amount of the tax credit is payable over years in equal installments of per year or per month. The balance payable when they sell the house. This action would jump start the sales of houses. We are told that the basis of the financial crisis is founded in the lower or falling house prices.
We are told that we borrowed too much against the house value and the bubble has broken bringing the house value down. Further we are told that inflation is a bad thing and we should fight inflation individually and collectively. I take the position that South Africa WhatsApp Number List a mild round of inflation is an acceptable situation and would cure some of the ills in the market place. for the loss of value in the house and they should be. The news media all report some calamity each day in the financial markets. The government has pledged large sums of money to many different banks and financial institutions and the flow of money through them is slow and controled by people bankers that the American family does not trust. The bankers are such an unusual bunch they don t even trust each other do they know more than the American family they probably do.
The bankers had lending criteria that worked for years. They included documentation that you had what you said you had and that you would put a down payment of on the house. Now along comes Wall Street and says you don t need documentation and you only need a small down payment and this and that. The Wall Street type sold the mortgage and booked a fat profit that the CEO skimmed at a greater rate than the wise guys in Vegas did while the mob ran the old town.
We are told that we borrowed too much against the house value and the bubble has broken bringing the house value down. Further we are told that inflation is a bad thing and we should fight inflation individually and collectively. I take the position that South Africa WhatsApp Number List a mild round of inflation is an acceptable situation and would cure some of the ills in the market place. for the loss of value in the house and they should be. The news media all report some calamity each day in the financial markets. The government has pledged large sums of money to many different banks and financial institutions and the flow of money through them is slow and controled by people bankers that the American family does not trust. The bankers are such an unusual bunch they don t even trust each other do they know more than the American family they probably do.
The bankers had lending criteria that worked for years. They included documentation that you had what you said you had and that you would put a down payment of on the house. Now along comes Wall Street and says you don t need documentation and you only need a small down payment and this and that. The Wall Street type sold the mortgage and booked a fat profit that the CEO skimmed at a greater rate than the wise guys in Vegas did while the mob ran the old town.