For real!?!?!?! “Democrats say they’re open to some GOP options, such as a bill by Sen. Johnny Isackson of Georgia to award $15,000 tax credits to people who buy and move into foreclosed homes. That would sharply boost demand, Isackson says.”
Wow, if that goes through I’m going to make bank selling homes to high-wage professionals and investors looking for tax credits. There’s a whole block of golf course homes in No. Cal that are bank-owned and selling at 44% off the original selling price.
Offering tax incentives to buy up foreclosed homes sounds like another speculator bubble waiting to happen.
