Thursday, October 29, 2009

What's a brother got to do to get ahead?

Just when I thought the muppets and clowns up in Washington were going to kick some dollars our way, we get to the fine print. Word on the street has been that the wise and powerful senators are going to extend the homebuyer tax credit to include current homeowners! Yay, free money for me (from you and me and our kids and their kids)!

But wait...there's more!

You have to have lived in your current home for at least 5 years
The credit is the lesser of 10% or $7,290

Sensible buyers like Bri and myself, who happened to purchase in the last 3 years, get nothing for nothing. No credit, no free money, just more debt slavery, rewarding the imprudent, the foolish, the wasteful, and the schemers at the top.

Get this, if some ****head and his foulmouthed freeloading wife have lived in their $600,000 home for at least 5 years, they can trade up ...and TAKE MONEY OUT OF OUR POCKETS to buy their new 5 bedroom, 6 bathroom colonial...but people like you and I get squa-doodly.

Granted, some of the folks who can take advantage of this are hard working honest citizens. But seriously? We need to give more tax breaks now, with 11 trillion deficit and 1.4 current year? A trillion is a million million, you know? A billion is 1000 million. Let's just give free money out for everything. Want a puppy? Tax break! Want a pet zebra? Tax break!

Want a new diamond necklace for your girlfriend to support De Beers and corrupt import exporters in NYC?

TAX BREAK!

To folks who can buy an $750,000 home AS IS to 'stimulate the economy'?

YES!

Bah.

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5 Comments:

At October 29, 2009 3:14 PM , Blogger Andrew said...

Totally agree. Some other people do, too: http://www.washingtonpost.com/wp-dyn/content/article/2009/10/27/AR2009102703791.html

 
At October 31, 2009 11:14 AM , Anonymous Boz said...

Hey, how about tax breaks for golf carts! It's in your neck of the woods. You ought to go buy a bunch while the loophole still exists! Free money! Free money!

http://www.nowpublic.com/tech-biz/street-legal-golf-cart-stimulus-cash-clubbers

 
At October 31, 2009 12:13 PM , Anonymous Me again said...

And I thought I was pissed...

http://www.youtube.com/watch?v=5l8hFvHndMw&feature=player_embedded

 
At November 11, 2009 11:09 AM , Blogger Alicia Parr said...

In answer to the title of your post - anticipate the next bubble and figure out a way to take advantage of those who mistake recent short term trends for long term prospects. Or, perhaps, get lucky. Whichever.

Regarding the content of the post, there's nothing like the government over-extending to reduce the immediate symptoms of inevitable economic dilapidation due to wide spread over-leveraging. Pay it forward and all, right?

This comment with a total value of $300 in big words free for you this time only. That's not true. I'll probably do it again some time.

 
At November 11, 2009 11:11 AM , Blogger Alicia Parr said...

I rethought my pricing strategy.

$299.97 value

That sounds like a lot less, doesn't it?

 

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