September 29th, 2011 10:43 AM by Gregg Mower
Here is an interesting question, how can we create demand to purchase and own a home? In this economy it seems that people are just trying to make ends meet and purchasing a home might be lower on the list of things needed to get done. I know I get frustrated with the cost of living having to pay for such things as DMV registration on all my vehicles, having to smog them (even my diesel truck), property taxes, medical insurance, gas prices, personal property taxes, insurances, taxes on goods and services I have to buy, taxes I have have to pay for my employees, medical insurance for my employees. Maybe all of these incidental taxes on everything are the same for everyone and with income being lower than it has been in decades these little items prohibit people from having the extra money to save to purchase a home. With housing being one of the only things America has not had to out-source to other countries maybe we need to pay attention to this segment of our economy other than the stock market to stimulate demand. The stock market is invested in companies that have out-sourced their labor to other countries, it is not regulated like housing for the simple fact that our politicians are all invested in the stock market. Maybe we cut taxes, cut the minimum wage, get rid of unions that force companies to out-source their labor and give incentives to own your own home.
I don't know it is just a thought what do you think???