Comments on: NAHB Calls on Congress [on Recess] for Action http://www.housingcrisis.com/legislation/nahb-calls-congress-recess-action/ Hanley Wood Construction Pulse's daily news and analysis Tue, 31 Aug 2010 05:43:21 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: Henry Zuckerman http://www.housingcrisis.com/legislation/nahb-calls-congress-recess-action/comment-page-1/#comment-39210 Henry Zuckerman Wed, 12 Aug 2009 12:45:17 +0000 http://www.housingcrisis.com/?p=3232#comment-39210 It seems that class warfare extends into the housing market. I have proposed to anyone that will listen, a tax credit for ALL homes, in ALL price ranges. A 10% tax credit for every $100,000 of home purchased, with a maximum $10,000 "tax credit" allowable to be taken per year. A million dollar "luxury home" would therefore have a tax credit of $10,000 per year, for ten years. This will incentivize the selling of existing homes, so that potential buyers can move "up or down" as their liufestyle changes. This would be a genuine stimulus package without all of the government intervention. Incentives work, in all price ranges. The problem is the perception of home builders, and the industry in general, but that is a different subject for another time. It seems that class warfare extends into the housing market. I have proposed to anyone that will listen, a tax credit for ALL homes, in ALL price ranges. A 10% tax credit for every $100,000 of home purchased, with a maximum $10,000 “tax credit” allowable to be taken per year. A million dollar “luxury home” would therefore have a tax credit of $10,000 per year, for ten years.

This will incentivize the selling of existing homes, so that potential buyers can move “up or down” as their liufestyle changes. This would be a genuine stimulus package without all of the government intervention.

Incentives work, in all price ranges. The problem is the perception of home builders, and the industry in general, but that is a different subject for another time.

]]> By: Valuable Internet Information » NAHB Calls on Congress [on Recess] for Action | Housing Crisis http://www.housingcrisis.com/legislation/nahb-calls-congress-recess-action/comment-page-1/#comment-39106 Valuable Internet Information » NAHB Calls on Congress [on Recess] for Action | Housing Crisis Tue, 11 Aug 2009 06:36:56 +0000 http://www.housingcrisis.com/?p=3232#comment-39106 [...] More:  NAHB Calls on Congress [on Recess] for Action | Housing Crisis [...] [...] More:  NAHB Calls on Congress [on Recess] for Action | Housing Crisis [...]

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