Central Ohio home sales skyrocket | The Columbus Dispatch

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A sold sign appears outside an home in Chagrin Falls, Ohio. October U.S. home sales rise 10.1% Home sales skyrocketed in October in central Ohio and throughout the nation, driven the federal tax credit for first-time homebuyers.

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Be real

Westerville, OH

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#61
Nov 23, 2009
 

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PaulMark wrote:
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Bush put money directly into the hands of CEO's who ran their companies into the ground. Billions to the auto industry, investment firms, banks, insurance companies etc. How can you not call that socialist. Obama is offering incentives to average americans to jumpstart an economy in ruins. Bushs bailouts acheived absolutely nothing except to enrich the CEO's. Obama's tax incentives helped out car dealers and average americans reying to sell their homes and put the economy moving in the correct direction. I think it's you who needs a class in economics...one in recent history might not be a bad idea either.
The only thing Obama did was get the average person into more consumer debt. From cars to appliances to homes. The CEOs didn't run the companies into the ground. In the case of GM, you can blame that on legacy costs. It's the unions that killed that company. With the banks, it was the Community Reinvestment Act that forced banks to either make monetary or equipment donations to ACORN, or give out bad loans that they knew would default. If they didn't comply, interstate banking operations would be halted by the US Government.

The same people that got themselves into homes they couldn't afford are the same people that went out and bought a new car simply because they could trade their junker in for up to $4,500. When people can no longer keep up with their new car payments in 2010 and beyond, are you still going to blame that on Bush?

Americans have an uncanny ability to get through anything life throws at them. When you have government try to fix a situation, it only ends up worsening. As show in each of our past bubbles that have popped.
Be real

Westerville, OH

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#62
Nov 23, 2009
 
Bob wrote:
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Ford was not helped by Obama, GM and Chrysler were though, how are they doing.
LOL, I just can't wait to get into a Fiat. How about you?

I was against the original stimulus from Bush. I was against the auto bail outs. Yet the democratic controlled congress steam rolled it through anyways.

Maybe their logic works like in a casino. I just lost $100 in one pull on the slot machine. If I spend another $100 on one pull, I should hit it rich and everything will be A-ok.
ObamaTriesHarder ThanBush

Fort Myers, FL

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#63
Nov 24, 2009
 
Yes We Can.
char

Dayton, OH

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#64
Nov 24, 2009
 
do people know at income tax time they will be paying taxs on that money. suprize bet the realtors arnt telling the people that!its also all the people who took the cash for clunkers, they to will be paying on that 4500. they got. people the goverment isnt going to give you anything for free. and with hight income taxs comeing you just got screwed.and buy the way the house you mostly got because of the money was up in price, because of it.
ObamaTriesHarder ThanBush

Fort Myers, FL

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#65
Nov 24, 2009
 
char wrote:
do people know at income tax time they will be paying taxs on that money. suprize bet the realtors arnt telling the people that!its also all the people who took the cash for clunkers, they to will be paying on that 4500. they got. people the goverment isnt going to give you anything for free. and with hight income taxs comeing you just got screwed.and buy the way the house you mostly got because of the money was up in price, because of it.
WRONG Char, the 4,500 is taxable income to the car dealer only.

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