Gilbert-
You questions are so right on! And I feel that is why John Q. Public is having such a hard time with this. It also should be noted, that if you buy a home and pay cash you DO NOT get the $8,000 tax credit. So, it relly is not out there to help the public, it is really only for buyer who are helping the banks. A buyer is a buyer who stimulates the economy with a purchase...why does it matter that they want to use cash instead of getting mixed up with a BANK that will eventually get bailed out......but the folks like you WON'T.
Obviously not a well thought out plan... - Fri Feb 20 2009, 08:37