what the hell is this?
Then last Wednesday, President Obama pledged $75 billion so up to 9 million home-owners could avoid foreclosure. While unemployment will still dampen demand, housing starts are at their lowest level in 50 years, so any drop in foreclosures will significantly reduce supply. As we work through all the foreclosures on the market or being held in reserve by the banks, prices can begin to recover.
if you make so little, how could you afford to buy a house in the first place to get this tax break? i think this stimulus is for the low-income areas such as ghetto areas, not california, new york, or anywhere west coast. Areas that could help bring the economy back to its normality.