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Author: rog56 Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 97  
Subject: Re: Poll: Housing Bill Date: 6/29/2008 7:29 AM
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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.
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