I for one say enough with tax credits to help the housing market. It’s time the real estate market deals with the issues that ail it. The market is over supplied still with homes that are overpriced and over loaned. We need to deal with this head on to get through it

                Yes the tax credit was a good thing, but now, the buyers are waiting again for it to come back. If we as a government eliminate it, the buyers will come into the market to enjoy great interest rates. The sooner buyers quit waiting, the sooner we get through the inventory and the sooner to a balanced market.

                The tax credit is a crutch that we need to forever more leave behind. Loosen mortgage guidelines. Give people loans with 5% down payment and lower the credit score requirements. Over 40% of the public is having financial distress. Loosen the guidelines and allow people to stay in their homes and eliminate ½ of the foreclosures. Banks get off you *** and work with sellers and homeowners. If banks would work faster and efficiently through the defiencies, it would solve lots of our problems. But, NO, they keep taking the government bailout and pocket it themselves.

                Bottom line! Government get out of real estate. Then lenders and investors might start solving all the loan issues that plague us.

Thanks,

Brian