Oh, but you see without the low interest rates we might not have bought anything (or maybe we would - not worth pondering at this point). That's the thing. The point you missed is that it was the low interest rates that made us able to buy. They last 30 years, not one. See how we're thinking in the long-term?
I suppose we and the others who wouldn't have otherwise been able to buy could have just let the houses rot on the market. And then we wouldn't hire people to do work. And then we could read your griping about something else - like how no one bought houses or put people to work and there are too many people panhandling at the side of the road.
Somone has to spend money so people can make money, and the circumstances were right to make us some of those people.
Yes. We benefitted. And yes, other people will, too when we spend money. But we only have the one house so we can only do what we can do - we surely can't be expected to spend enough to put a million people to work.
If you don't think the spending of people having work done will do anything, what do you think will make a difference? (I challenge you to answer without insulting me or making judgy generalizations.)
Also, if you were (or are) faced with receiving the tax credit, would you take it or decline to take it?
posted 3 years, 7 months ago
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