http://www.atlantarealestateforum.com/its-up-to-the-housing-market-to-end-the-recession-12638/ Atlanta real estate, new home builders, developers, communities and market trends blog in Atlanta, GA Thu, 02 Feb 2012 04:08:39 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.atlantarealestateforum.com/its-up-to-the-housing-market-to-end-the-recession-12638/comment-page-1/#comment-64064 rude dude Thu, 18 Jun 2009 15:43:52 +0000 http://www.atlantarealestateforum.com/?p=12638#comment-64064 Think about this. I used to pay $845 a month on rent and was not able save a dime of my paycheck. Since I couldn't save any money, I was never able to purchase a home. This little down payment from the tax credit helped me purchase a house that only costs me $650 a month. Thanks to the tax credit I am a home owner and no longer wasting my money on rent. The one thing that kept me from purchasing a house before was a down payment not the fact that I couldn't afford the monthly payments. So clearly, your comment doesn't make since. Think about this. I used to pay $845 a month on rent and was not able save a dime of my paycheck. Since I couldn’t save any money, I was never able to purchase a home. This little down payment from the tax credit helped me purchase a house that only costs me $650 a month. Thanks to the tax credit I am a home owner and no longer wasting my money on rent. The one thing that kept me from purchasing a house before was a down payment not the fact that I couldn’t afford the monthly payments. So clearly, your comment doesn’t make since.

]]> http://www.atlantarealestateforum.com/its-up-to-the-housing-market-to-end-the-recession-12638/comment-page-1/#comment-63939 Linda Rooney Wed, 10 Jun 2009 19:09:13 +0000 http://www.atlantarealestateforum.com/?p=12638#comment-63939 It would not surprise me at all that Obama said this ... what he didn't say was more surprising: That the government's tinkering (read: social engineering) through CRA and other "programs" led to people who should have been renting until they COULD afford to buy getting not only into home ownership but into homes they had no way of affording at all. Let the banks do what they have historically done (because they're BUSINESSPEOPLE): Use reasonable qualifying criteria upon which to lend. And now we have $8K credits to help people who - again - are in no position to buy, and we're "helping" them. The whole thing would be laughable if it weren't so serious. It would not surprise me at all that Obama said this … what he didn’t say was more surprising: That the government’s tinkering (read: social engineering) through CRA and other “programs” led to people who should have been renting until they COULD afford to buy getting not only into home ownership but into homes they had no way of affording at all. Let the banks do what they have historically done (because they’re BUSINESSPEOPLE): Use reasonable qualifying criteria upon which to lend. And now we have $8K credits to help people who – again – are in no position to buy, and we’re “helping” them. The whole thing would be laughable if it weren’t so serious.

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