Message Font: Serif | Sans-Serif
 
No. of Recommendations: 4
The best solution I've heard to help the housing market and the economy is for the Feds to offer a cash bonus to anyone buying a house. Say 2-3K, or a 1% of the purchase price, with certain restrictions, such as having to hold the house for a certain minimum period.

This would be a tax on non-home owners, in order to subsidize home buyers, presumably with the intention to indirectly subsidize home owners.

What one good reason is there for me effectively to be taxed for choosing not to buy a house?

Home buyers are already subsidized through mortgage tax reliefs that renters do not enjoy.

House prices need to be lower than they are now, so that prices are more affordable, to encourage home ownership. The idea that the Government should try to prop up unaffordable house prices is crazy.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement