Re: 'Understanding housing tax credits' (March 5)
Dear Editor:
Not only is the $8,000 tax credit the best kept secret in the country, it has the power to turn this whole ship around if only the "experts" would consider its demographic impact. The generation to which this credit appeals is Gen Y or the Echo Boom, the under-30 crowd that rivals the Baby Boom in size and numbers.
Since every first-time buyer causes up to three sales, or absorbs up to three properties, we need only ONE of them for every THREE available homes -- and they are out there in the numbers necessary. But the picture is not being painted correctly. more...
