George Bone's (georgebone) Blog

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Real Estate Agent - Prudential Woodmont Realty

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2009 

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From the early 2000's to about 2007, house prices increased at a faster rate than the historical norm. The primary reason for this was the huge increase in buyers that was made possible by extremely loose lending standards/products that were initiated during that time. This created a demand in ma...
10/17/2009
The Homebuyer Tax Credit is very bad policy.  Below are just some of the reasons for this: The tax credit artificially and temporarily slows the needed correction of house prices. The tax credit will further add to the national debt.  The money to pay this off has to come from somewhere, and that...
10/10/2009
Rainer
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George Bone

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