Why would you remove the incentive of NG when at the same time the economy is pining all its hopes on a recovery for this sector.
Sound like to me a lot of what we had the last 6 years. stupidity from a government that lost it way....more like didn't have a clue... lol .
On the one hand we hand over a billion (tax payer funds) to the automotive industry and on the other hand we rip the heart out of the industry by removing 1.8 billion in tax incentives.
Without clarity, confidence, and incentives the pool of property investors will shrink . The property investor risks hundreds of thousands of dollars in land , permits , construction costs, insurances, etc...
Stupidity like History is there to learn from not repeat over and over and over....
"It's a classic example of supply and demand.
As Americans have lost their homes or continue to put off buying a home, there are more renters than ever.
With inventory constrained, landlords increased rents. In 2010, rents nationwide increased an average of 4.2%.
According to Axiometrics, an apartment-market research firm in Dallas, 2010 was one of the best periods for landlords in the past 15 years and may mark a turning point in the short term."
"The New York-Wayne-White Plains area had the 18th-biggest rent hike last year, at 6%, but Axiometrics says it expects the metro will jump to first place this year, with rents expected to increase by 7.8%."
This is from USA a country where the property market was decimated.
