NAR Call for Action

[stinkypoon]

Let this bribe DIE. It is horrible. Every economist will tell you there is no economic benefit or justification for it. It's meant solely to benefit Real Estate agents and mortgage brokers. That's all this is about, not "reviving the market", just reviving their sales volume and commissions. They don't care if it's driving up prices and ripping people off. They want to waste taxpayer dollars to line their pockets, that's ALL this is about.

[hounddog1413]

I think it should be extended to $300,000. Or better yet, make counterfeiting legal. That would solve all our problems.

[DyShez]

The Federal Reserve gets to do legal counterfeiting. Why not the American people? Oh that's right, only government is allowed to do immoral things legally. ;^)

[alexisisin]

Giving an incentive to own their own home has boosted home sales in my area. I would like to see the current plan extended and expanded to include those taxpayers who may be starting over again; due to divorce, death of a spouse, ect....giving back what was theirs to begin with feeds the economy and encourages all to strive for that almost forgotten American Dream. Pride in ownership creates strong communities and proud people.

[MrSokitumi]

Ya got to have jobs and factories not sweat shops in china korea indoneisa mexico and the likes flooding our economey with slave built goods even gm dieing proves that and fk you if you say the unions but the unions THey! were fighting to keep a middle class and decent healthcare and a standard of living but hey i guess you like your Wal-Mart goods TRAITORS )o

[Marksellshouses]

In a free market, interest rates would have gone up and corrected the rush to purchase and rapid appreciations would have not existed. The Fed manipulated rates and Fannie and Freddie loosed the underwriting guidelines to make it so folks who shouldnt be buying could. Some banks even received fines for not lending freely enough. I believe that giving the people some of there money back has had the greatest impact on our improving economy and that is why it should be extended and expanded.

[Marksellshouses]

How is it not giving some of the people their money back? People who earn money pay taxes yes? If they buy a house, they have income yes? They are getting a credit of taxes paid hence my argument that they are giving the people some of their money back! It was theirs in the first place and the reason we are in this mess is there exist a belief that government knows how to spend our money better than we do.

[DyShez]

I removed my previous video comments and plan to do more research on this topic. Then I will post. I also plan to record a Podcast which analyzes this issue in-depth. But from everything I've seen this seems wrong.

[Marksellshouses]

All the money that government spends comes from us the taxpayers. So I will support any initiative that puts that money back in the hands of the taxpayer. Is the system flawed? You bet. Do I think billions upon billions of our dollars should have been spent propping up failed businesses? Know way!

[Marksellshouses]

I promote homeownership because it promotes wealth to the individual in addition to community involvement by that same individual. Blaming all Realtors for the current housing problems is extreme or lumping everyone into a whats in it for me mentality is just plain silly. We can never heal or correct our condition unless we partake in serious discussion. I may be wrong but believe whole-heartedly that our government is to blame for the housing bubble.

[skliros]

you realtors are part of the problem. as long as you get your commision, nothing else matters. look at the fha default rate, and you guys want to make it worse?

[markusr2001]

Here's a helpful tip:

America has literally wasted trillions of dollars of monetary and human capital and thrown it at housing rather than critical infrastructure, education, energy independence, medical and technological research, and innovation.

The NAR is rewarding absolutely no one but 6%ers, lenders and corrupt politicians with this campaign. Great job NAR. No better way to say "to hell with you America!" than "Now's a great time to buy!"

Thank you Realtors. i hope it was worth it.

[Dewdaahman]

I can accept programs for food for the poor, but not cars.. we are bein' run by a corrupt and treasonist gov't..

[MrSTANDFORAMERICA]

It shouldn't be extended, it's the way it should always be.

But for any home buyer. First time or not. if one weeks pay can not make your house payment, no one should be allowed a home loan of any kind. And not a combined income of 2.

That's the problem we have today. People getting loans that that a whole months pay to make their house payments.

If 1/4 of monthly income doesn't make your house payment, you shouldn't get a loan.

[ibuyhousesinmi]

What are you talking about? The banks and lenders are already taking care of the strickest guidelines for even buying a home... There are more Americans losing there homes than buying them anyway...  Thats the problem! I'd just rather see the banks eat the cost than we the people...

[triplecc13]

Pleassseee.. Have you checked out the FHA stats? no money down... Just go check out the mortgage broker forums.. They are still gaming the system to get anybody in a house.. DO not extend this credit... this is wealth distribution from renters to home owners..

[MrSTANDFORAMERICA]

Most of those that are being forclosed on because of 1 of 3 reasons.

1: First time buyers that wouldn't qualified for the loan in the first place.

2: peope taking loans on home with a floating intrest rate.

3: People that refinanced their homes with floating intrestrates.

Think they would save some money, many did the refinancing. Oh it dropped the monthly payment in half. But their new mortgage came with that strings attached.

[ibuyhousesinmi]

Thats owner financing! So now your saying we should have the government control how we the renters sell a house? Nobody is able to get a loan from a bank anymore without literally perfect credit... Nows the time to show everyone whos going thru foreclosure how to become the bank...

[MrSTANDFORAMERICA]

Your nuts. it been to where if anyone made a paycheck no matter if it was minimum wage and was given a home loan. Mostly first time buyers. To keep the payments down they had to sign a floating intrest loan. Many that were 1/2 through they house payments refinanced. When the intrest rates went through the roof, their $500 a month house payments jumped to $1200 and higher. They could no longer afford it now. Sucks but that how it is.

[dmoayed]

expand and extend home buyer tax credit

[ibuyhousesinmi]

I think you better get you facts straight... Like what is happening NOW... Not what has already happened to us... The first-time homebuyer tax credit didn't even exist at the time you are talking about... Its TODAY'S incentive to help clean up the foreclosure mess, not put new homebuyers in foreclosure. You literally have to have perfect credit TODAY to even qualify for the new loan or the tax credit.