Tuesday
Registered User
iTrader: (12)
Joined: Nov 2002
Posts: 18,369
From: Reno, NV
Car Info: 1993/2000/2001 GF4 mostly red
Registered User
iTrader: (12)
Joined: Nov 2002
Posts: 18,369
From: Reno, NV
Car Info: 1993/2000/2001 GF4 mostly red
Thread Starter
plays well with others
iTrader: (1)
Joined: Aug 2006
Posts: 9,923
From: Sac
Car Info: your mother crazy
depression =
we wont see the same epic depression as before but downturns are an inevitability in cyclical markets
Token Toyota Mod
iTrader: (50)
Joined: Jun 2004
Posts: 52,306
From: Palo Alto, CA
Car Info: Something german
This is a link to a summary of the Housing Stimulus Bill that is going through congress right now.
http://www.opencongress.org/bill/upc...imulus-Package
This could be a great money maker. The way I see it:
Buy a Foreclosure at great discounts because of the glut.
Combine with a $7000 tax credit(that is 7K cash....not a deduction)
And low interest rates
It is Time to Buy!!!!!!!!!!! I hope to be prepared when/if this bill passes.
Not sure what New Homebuyer refers to....I am thinking a new purchase, not a refinance.
**** the market is going to flood open again soon if this passes.
http://www.opencongress.org/bill/upc...imulus-Package
This could be a great money maker. The way I see it:
Buy a Foreclosure at great discounts because of the glut.
Combine with a $7000 tax credit(that is 7K cash....not a deduction)
And low interest rates
It is Time to Buy!!!!!!!!!!! I hope to be prepared when/if this bill passes.
Not sure what New Homebuyer refers to....I am thinking a new purchase, not a refinance.
**** the market is going to flood open again soon if this passes.



