tag:blogger.com,1999:blog-11027528911364475.post328533492813270807..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: What Happens When the Stimulus Dies?Jakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11027528911364475.post-35543422969685745062010-01-05T15:35:53.524-08:002010-01-05T15:35:53.524-08:00In the words of Ivan Drago in Rocky IV:
"If h...In the words of Ivan Drago in Rocky IV:<br />"If he dies, he dies".<br /><br />True dat.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-68857861567227393212010-01-05T14:50:41.137-08:002010-01-05T14:50:41.137-08:00the # of sales have jumped since the announcement ...the # of sales have jumped since the announcement of the credit and size of the crash when the initial credit was set to expire (but didn't) shows that this was just pulling in those individuals that would likely have purchased a home anyways.<br /><br />this either puts $8k in either the buyer or sellers pocket in the form of a discount for the buyer or an ability to sell for a higher amount for the seller. my view (and i understand not everyone agrees) is that when the credit subsides, prices will continue to decline to whatever level they would have anyway.Jakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-5561498171942353352010-01-05T13:14:56.808-08:002010-01-05T13:14:56.808-08:00Five months from the announcement of the extension...Five months from the announcement of the extension to its (announced) expiry. You can't flip a house that fast. So buyers will only allow the $8K into their offers to the extent they believe houses are otherwise underpriced, since it would otherwise disappear from their equity. So not bad.carlhttps://www.blogger.com/profile/09598085988718342314noreply@blogger.com