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B.C. First-Time New Home Buyers’ Bonus is a Stupid Idea

By David Grant - Posted on 23 February 2012

A few days ago the B.C. government announced a new $10,000 bonus for new home buyers. Not only is this a stupid waste of money that could have been diverted to many more important things, it may not actually do anything to improve affordability as housing prices will surely go up accordingly. Even Cameron Muir, who is generally wrong about everything, is probably correct when he says "That should induce additional sales activity, as well as later on we’ll likely see housing starts rebound as a result of that demand . . ." It's reminds me of when the federal government allowed people to carry 30, then 35, then 40 year mortgages in order to help people afford a home. This back-fired and caused housing prices to sky-rocket even further than the already were.

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The plan aims to fuel this
Submitted by Anonymous (not verified) on Wed, 2012-08-01 04:23.

The plan aims to fuel this demand by offering visas to any foreigners making a cash investment of at least $500,000 on residential real-estate a single-family house, condo or townhouse, the Journal reported.
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Insight
Submitted by Anonymous (not verified) on Thu, 2013-01-10 04:15.

Great insight! If this is the plan then it will be good for the people in B.C. - Crayton of Real Estate Omaha

If you are planning to buy or
Submitted by abelbreath256 (not verified) on Sat, 2013-01-12 04:09.

If you are planning to buy or sell a property in place like WV Panhandle then it is very significant that you should get an experienced estate agent to get best deal.It is very significant to get an agent who has experience and skill in location as well as practice that one requires when plans for getting a new home at new location or for selling any property or land house.

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That's true, It really feels
Submitted by Roger Yards (not verified) on Tue, 2013-01-15 17:04.

That's true, It really feels like when the federal government allowed people to carry 30, then 35, then 40 year mortgages in order to help people afford a home. export management software

I love this first time new
Submitted by Anonymous (not verified) on Fri, 2013-02-15 03:10.

I love this first time new home and the bonus is really awesome and amazing. it will be into something great. First Time Home Buyers

as a firsttime home buyers, i
Submitted by Anonymous (not verified) on Wed, 2013-04-10 12:02.

as a firsttime home buyers, i am really glad to hear it then. I just thought that everything will be so cool and awesome.

i know because that was also
Submitted by Anonymous (not verified) on Wed, 2013-04-10 12:07.

i know because that was also my case and same scenario.i have just gotten into it now and willing to do more about it. Dentists in Sandy

i have just gotten into it
Submitted by cyrilee (not verified) on Sat, 2013-04-20 04:32.

i have just gotten into it now and willing to do more about it. Anyway thanks for the share. Energy Efficient Mortgage Pilot Program (EEM)

That I don't know that
Submitted by Anonymous (not verified) on Thu, 2013-05-09 20:36.

That I don't know that everything now is really doing so fine. I guess I have just gotten that everything would be so good. how to get oil out of driveway

same experience that I did
Submitted by Anonymous (not verified) on Thu, 2013-05-16 21:49.

same experience that I did before. I was also a first time homebuyer so i would know for this one here.. I am always looking forward that things now will be so fine and alright.
Thanks, Cash Out Refinance

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