con-artist-4-real-estate

Interesting opinion piece in the Wall Street Journal. Here are some highlights:

The Treasury’s inpector general for tax administration, J.Russell George recently told Congress:

74,000 filers hadn’t purchased a home but claimed the homebuyer tax credit for a total of $500 million.

500 people under the age of 18, including a 4yr old claimed the homebuyer credit.

The point in the story when does a taxpayer’s sense of humor give way to a different emotion. The homebuyer credit cost is running at about $1 billion a month and $15 billion for the year. It’s another distortion that drives capital into housing and away from other more productive uses. For millions of tax-paying renters, it’s another subsidy they provide for their neighbors to be able to sell their houses at a higher price.

Leave it to congress to design a program that even a four-year-old can scam.

In another WSJ article:

Uncle Sam’s interventions in the housing market have pushed home prices 5% higher on a national average than they would have been otherwise, Goldman Sachs estimates in a report. Read more

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

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Seaport District

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Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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