Will It Be Enough?

Posted by: Carleton Sheets in Tax Cuts, Tax Credits, Stimulus, Reduce Taxes, Real Estate Investor, Real Estate, Government Stimulus, Economic, Barack Obama on Feb 13, 2009.

The new stimulus package proposed by President Obama has finally been passed, amidst much discussion between the House and the Senate, and between the Republicans and Democrats on Capitol Hill. The details of the package continue to emerge.

The New York Times reports that the bill includes a large amount of tax cuts and tax breaks. Many of these will have a nice, positive impact on those Americans that are still working. But what about those who aren't?

It also includes tax incentives for first-time homebuyers. But what about investors who are doing their part to purchase and rehab the bulk of the foreclosures on the market - the properties that are beyond the scope of repairs that a first-time homebuyer would be willing to make?

Economic recovery will come about through a number of small steps, not one sweeping law. And overall, any stimulus package is expected to help, not hurt, the economic problems our country is facing.

What other small steps would you like to see happen that will help the economy recover?


Comments (1)Add Comment
loan modification which will allow owners to pay just principal based on market value n not orgl purchased amount.
written by nancy moralez, February 13, 2009
and for investor they should reduce the amount of down payment from 15/20 to a 5 percent after all we help the economic by purchasing n cleaning the overage of inventory homes in the market tdy.
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