When President Obama signed the bill that extended the housing credit and unemployment benefits he also signed in to law the ability of companies to go back five years and offset their earnings with their recent losses the past two years.  Because of that, we, that taxpayers, are kicking back $33 billion to corporations.   It’s only $33 billion.  In an era of trillion dollar bailouts, who’s really counting $33 billion?

The home builder industry will be collecting checks for over $1 billion.   Just what we need…more artificial propping up of an industry that needs to see continued consolidation.  I guess this will just push that out another 18-24 months.

I see this as more bad news for traditional home sellers.  It means many of these builders will be kept alive and they will be competing against the existing housing stock.

This will end some day.