Under The Influence of the Realtors - Not in YOUR best Interest.. no way..
Are Tax incentives that Realtors brag about Lobbying for Homeowners - Are they Really that Big Of A Deal? I think it is just a way to get more people into more homes, to make more money for the builders and the REALTORS but they ACT LIKE they rode in a white horse and are here to save the day for the homeown. Look Deeper... Buyers and Sellers - know that Realtors would not spend $100,000 a day to lobby to push something as small as YOUR TAX INCENTIVE, it is about their big commission, big developers and big home builders being able to get BIG MONEY..
The National Association of Realtors and the National Association of Homebuilders lobby for what is in their Best Interest, never let them tell you any different...
Article of Interest to Topic..
"Realtors, Homebuilders Score a Stimulus Coup
The National Association of Realtors and the National Association of Homebuilders of the U.S. scored a lobbying coup when an amendment was added this evening to the Senate stimulus bill that doubles the maximum size of the homebuyer tax credit from $7,500 to $15,000 on all purchases of principal residences.
The existing credit is scheduled to expire at the end of June, but the measure cosponsored by Sens. Johnny Isakson, R-Ga., and Joseph Lieberman, ID-Conn., would extend the credit for one full year from the date the bill is enacted. It adds an estimated $19 billion to the stimulus package. The amendment was approved by the Senate without dissent after Banking Committee Chairman Chris Dodd D-Ct. signed onto the provision. "It's a recognition that housing has to be fixed if the economy is going to recover," said one industry lobbyist.
-- Peter H. Stone
http://undertheinfluence.nationaljournal.com/2009/02/the-national-association-of-re.php
yes This is All about the Consuemer, NOT...
Crystal L. Cox Broker Owner....
One Interesting Comment on the Above Topic
"Here's a press release from the National Association of Home Builders from early January 2009 laying out just what they wanted. You can see it pretty much made it into legislation untouched in the US Senate.
And here's economics blog Calculated Risk explaining why juicing new homebuilding when there is already too much unused housing inventory is just plain wrong.
Lieberman and Isakson are increasing supply and demand and the only people who benefit will be homebuilders and people who use the program. Existing home owners will see the value of their home decrease because of increased supply of housing, but Lieberman and Isakson don't care about that, just pandering and handing out checks to a broken industry.
It's disgusting and 180 degrees wrong for the current economic crisis .."
http://undertheinfluence.nationaljournal.com/2009/02/the-national-association-of-re.php
http://www.nahb.org/news_details.aspx?sectionID=0&newsID=8469
http://www.ajc.com/services/content/printedition/2009/01/08/obama.html
