Off-Topic: New Home Sales below depression level

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	Name:	water_watcher -
	Subject:	New Home Sales below depression level
	Date:	2/28/2010 4:37:51 PM

Most of what you said is correct .... BUT, the government action IS delaying the recovery and keeping prices down.

Did you know there are "grants" available for minorities below a certain income level? They get the Free money as part of their loan to have to borrow less and make their mortgage more affordable.

If they stay in the home for 5 years the "grant" is foregiven. If they stay less than 5 years they have to pay back a prorated amount ... BUT ONLY, if the house price has appreciated ... otherwise ... still free money.

Now if that is not socialism I don't know how anyone would explain it. That is wrong use of our tax dollars and only available to a select group.

Did you get that for your first home? I know I didn't. I saved and worked hard until I could afford it .... then bought.

Other messages in this thread:

View Entire Thread

New Home Sales below depression level - water_watcher - 2/28/2010 12:41:09 PM

New Home Sales below depression level - Talullahhound - 2/28/2010 2:47:38 PM

New Home Sales below depression level - water_watcher - 2/28/2010 4:37:51 PM

New Home Sales below depression level - Talullahhound - 2/28/2010 8:45:15 PM

New Home Sales below depression level - cobra - 2/28/2010 11:09:06 PM

New Home Sales below depression level - water_watcher - 3/1/2010 5:59:35 AM

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