$8,000 tax credit may be extended
Just like cash for clunkers, any Realtor will tell you that the first time homeowner credit has been wildly successful in getting fence sitters to come down and buy homes. It’s a simple fact: the $8,000 tax credit is sufficient incentive here in California. With nearly 12% unemployment here in Silicon Valley, the additional sales of homes will have a trickle down effect and give employment opportunities to Realtors, loan brokers, lenders, property inspectors, termite inspectors, title company employees, contractors, gardeners, Home Depot employees, etc……. who, in turn, will spend money and give other industries opportunities at employment. We need to get the housing sector back on its feet as it is the one which initiated the fall of our mighty economy.
