Home › Forums › Housing › $15,000 Home Buyers Credit Costs $43K or $133K or $292,000 per home! › Arraya wrote:It’s no subsidy
[quote=Arraya]It’s no subsidy to the people for being tricked into buying increasingly over priced homes. It’s a crime against American people.
This is a last ditch desperate attempt to keep the whole banking system alive. Which will invariably fail.
FHA is practically giving subprime loans again. With an ever deteriorating real economy. Eventually, they will run out of buyers.[/quote]
Or maybe fence sitters will wait for ever bigger tax credits.
I still don’t quite understand the math in the article. Can someone here put it in laymans terms?
