Thursday, 7 January 2010

California Tax Credit

The governor of California laid out this wonderful tax credit....to entice you to build a house. It's around $10k...and there is a limited budget for it.

What I found curious about this.....is that they have all these empty houses sitting there....because of the housing market crash. Banks are begging to sell at below normal prices (even forty percent). The job market is pretty well screwed and not going anywhere because of all the current taxes.

So I sat there.....pondering....what idiot would want to build a new house in California? Frankly.....I can't think of anyone.

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