nervous-broker

I’m concerned, and let me tell you why. Today, I just read the following in the opinion pages of the Wall Street Journal:

Remember “cash for clunkers,” the program that subsidized Americans to the tune of $3 billion to buy a new car? Transportation Secretary Ray LaHodd declared in August that, “This is the one stimulus program that seems to be working better than just about any other program.”
If that’s true, heaven help the other programs. Last week U.S. automakers reported that new car sales for September, the first since the clunker program expired, sank by 25% from a year earlier. Sales at GM and Chrysler fell by 45% and 42% respectively. Ford was down 5%. Some 700,000 cars were sold in the summer under the program as buyers received up to $4,500 to buy a new car they would probably have purchased anyway. So all the program seems to have done is steal those sales from the future…..”

Here’s my thought: re-read the article and replace “cash for clunkers” with “homebuyer tax credit.” Replace “U.S. automakers reported 25% decline since the program expired” with “NAR reports….”

Hmm…..

File Under: I’m getting nervous

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

North End

South End

Seaport District

South Boston

Waterfront

Brookline

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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