Congress needs to resurrect the Home Buyers Tax Credit Legislation, because it would not only help stabilize the residential real estate markets of the United States, but as importantly it could create hundreds of thousands of new private sector jobs
(PRWEB) October 06, 2011
The Homeowners Consumer Center says, "It is vital House Speaker Boehner, and the U.S. House of Representatives move immediately forward with legislation that resurrects the Home Buyer Tax Incentive Legislation. We cannot afford to allow our U.S. residential real estate markets to decline, or flounder any longer, and given the class warfare agenda from the Obama Administration, we say Congress needs to move forward with this legislation right away, while we still have an economy." The group says, "A Congressionally sponsored robust, U.S. residential real estate federal tax credit initiative would produce an instant positive effect for the floundering U.S. economy, and it would be enormously helpful in stabilizing the U.S. residential real estate markets. As importantly it could potentially create hundreds of thousands of private sector jobs, including real estate, mortgage lending, construction, remodeling, and retail. If we will not get meaningful economic ideas from the Obama Administration, or the White House, we are urging Speaker Boehner, and his congressional colleagues to step up to the plate with something that will work. However, to really work the program must include all types of residential real estate buyers, to include investors, and we think the tax credit should be $15,000." http://HomeownersConsumerCenter.Com
For those thinking a robust Congressionally sponsored Home Buyers Tax Credit would be another bailout the Homeowners Consumer Center says, "We have over a trillion dollars of U.S. consumer, or investor money sitting on the sidelines right now. Most people are too afraid to do anything with their money, because of the class warfare nonsense created by President Obama, or because of their fear of the U.S. economy getting worse. We are advocates for homeowners, and if the U.S. Congress fails to do something bold like a very robust Home Buyers Tax Credit, many to most U.S. homeowners will lose another 10% in their home's value in the next twelve months. Further, because the Obama Administration is a no show, when it comes to private sector job creation, without some meaningful economic leadership coming out of Congress, we expect U.S. unemployment is going to get worse. A $15,000 tax credit for home buyers, or investors is the only thing we can think of to actually do something meaningful for the U.S. economy, for housing valuations, and for employment-instantly." http://HomeownersConsumerCenter.Com.