First, no matter your party affiliation or lack of one, it’s important that you vote. I know sometimes apathy kicks in and we feel that one vote won’t make a difference, but every vote counts. Voting isn’t just a right, it’s our duty. With that being said let’s take a look at how housing might affect the election and how the Medicare surtax which is part of “Obamacare” ill affect our pocket book.
Housing directly effects the election in three major ways. Jobs: both those created by the real estate industry and those that affects people’s confidence to purchase a home. Credit: the stabilization of standards and the ability of buyers to borrow funds. Taxes: homeowner interest deduction and how the Medicare surtax (put in place by “Obamacare”) will affect the sale of Real Estate.
Jobs – Federal Reserve Governor Elizabeth Duke commented that a healthy real estate recovery is needed for the strength of the overall recovery. “When would-be buyers are worried about job security they aren’t thinking of buying a home.”
So what do the jobs numbers look like? According to an article in CNNMoney on Oct 19th unemployment fell unexpectedly to 7.8%… Continue Reading
