[quote=flu]I never thought that a tax credit would have generatde so much demand…Boy was I wrong about that.[/quote]
I think that the tax credit didn’t so much create demand, as tranfer it from the future to the present. That is, people who would have bought in late Spring, Summer, Fall, 2011, etc., rushed to buy by April 2010.
The other thing this $%$#@% tax credit accomplished was to transfer $8,000 per transaction from taxpayers to real estate sellers.
