Why 2012 Is The Best Time To Buy A House In California

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Want to know why 2012 is the best time to buy a house in California? www.rmilending.com 0 Right before the new year, President Obama signed HR3630, the payroll reduction tax cut bill. The new law will ensure that millions of american's won't see a reduction in their paychecks, the jobless won't see an interruption in their unemployment checks, and medicare doctors will continue to get paid....for the next 2 months. Hey 2012 is beginning to look better already, right? Wrong! This is all being funded...on the backs of the real estate industry. For the next 10 years, new mortgages through Fannie Mae and Freddie Mac will have an addition 10 "basis points" or the equivilent to an extra per month on a 0k loan, added to them to fund our government's overspending. Yes you heard right, the agencies that received over 150 billion in bailout money and are still in trouble, are being asked to collect money to pay off this 2 month band-aid. Higher interest rates are coming, but early 2012 is still the best time to buy a house in California, so it might be wise to take advantage of these low interest rates you see on your screen. Cause we all know, for the economy to recover, real estate must recover, but the fed seems to keep building barriers to that recovery. Happy New Year from your good old Uncle Sam. 1:24 Actor Wesley Snipes already serving 3 years in the big house for tax evasion is now in trouble again. (Quote) and you can put a credit card in his hands, and that don't ...

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