To combat unemployment, home-buyer credit renewed and jobless benefits extended
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The Senate has extended tax credits for first-time home buyers, due to expire November 30, as part of plan to combat high rates of unemployment. Current homeowners would also be eligible for a $6,500 credit when buying a new residence. The bill also extends jobless benefits, particularly in states where unemployment exceeds 8.5%. The House expects to vote on the measure today.
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Guests:
Chris Thornberg, Principal, Beacon Economics
Richard Green, Director, USC Lusk Center for Real Estate
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Tender Greens
Tender Greens is like your favorite rock band where you want to keep it a secret but also hope for tremendous success. And successful it is. Healthy and tasty salads and veggies, lean cuts of steak, chicken and tuna all served up in a 'fast food' style and price tag - but in a much better environment and quality. The flatiron angus steak with Yukon Gold potatoes top out my list. I also love to get the line caught ahi tuna with a baby spinach and goat cheese salad - quite tasty when I'm shooting for lighter fare. Makes for a nice and not-too-expensive dinner, and an excellent lunch as well.
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2 weeks, 1 day ago
We live in an RV. We are just praying this credit gets extended. We have been looking for a year for something we could afford so we can stay in California where are children live. As for my part, I will use the money to buy a couch, perhaps a recliner for my husband, a refrigerator (if needed) a washer and a dryer, plants for landscaping, and all the incidentals that are needed for moving into a new home. Talking about this in the abstract is causing people to question it's efficacy and for us it's a determining factor. My husband was laid off for six months and finally has a new software job and we applaud the Senate for supporting this bill!
2 weeks, 1 day ago
Great show Laryy. I agree with the opinions of your guests with regards to the extension and new changes to the home buyer tax credits and how misguided these extensions are at this time. With all due respect to people like the other commentator Katy I think these extensions are yet again just giving in too much to the real estate and mortgage industries and this money could be utilized in much better ways than this new tax credit extension proposal. I was so angered when I saw some of the details of this new proposal that congress is working on. A few congressman are just adding to our national debt for the benefit of a few of their wealthier constituents and people who really should not be put in a position to purchase above their means. Congress is just putting this country into a vicious circle yet again. This is the wrong way to stimulate the economy and is yet adding more to our national debt for limited returns.