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Comment on The Housing Rescue Bill by Roger Ingalls
July 31st, 2008 Uncategorized

The tax credit for qualified 1st time buyers will be a tiny drop in the bucket.

The real cost will be in the ongoing “tax/surcharge” imposed on the GSE’s to support low income subsidized rental housing, and in the money allocated to local governments to purchase foreclosed and vacant properties.

That’s where the big money will go.

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