Southern California Real Estate Bubble Crash Blog » Mmmmm. Pork. http://www.socalbubble.com Southern California is Experiencing a Real Estate Bubble like never before Thu, 16 Dec 2010 20:16:25 +0000 en hourly 1 http://wordpress.org/?v=3.1 Homebuyer Tax Credit: Worst Policy Ever http://www.socalbubble.com/2009/10/homebuyer-tax-credit-worst-policy-ever.html http://www.socalbubble.com/2009/10/homebuyer-tax-credit-worst-policy-ever.html#comments Thu, 29 Oct 2009 19:46:02 +0000 Chuck Ponzi http://www.socalbubble.com/?p=774 News is coming out that the pork stimulus of the Homebuyer Tax Credit will not only be extended, but expanded to existing homeowners.  Wha?  If our problem is an oversupply of houses, why is flipping a house supposed to be rewarded?  On top of the owner tax deduction, you may get a credit for buying a new one!

It appears that 2009 is the year of the pig; swine flu, and government pork!

Mmmmm. Pork.

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