Democrats Won’t Discuss Economic Damage Forced Health Insurance Will Cause Real Estate Industry

Homeowners who can’t afford health insurance or opt-out penalties, IRS can file liens destroying their credit.

Obama Smoke & Mirrors could cause real estate mortgage holders and creditors problems resulting from Forced Health Insurance Costs disqualifying home buyers.

While the press reports, Real Estate Experts support the First Time Home Buyer Tax Credit to sell houses, home buyers (consumers) are not warned their Tax Credit savings may evaporate when the Health Care Bill passes; after home buyers learn Forced Health Insurance Costs, an annual expense, disqualified millions of home buyers getting mortgages, needed to support home values and selling prices; discover health insurance costs increasingly will cause home buyers to qualify for smaller mortgages; are shocked health insurance costs may equal their Income Tax forcing them to default on their mortgage; understand homeowners who can’t afford health insurance or opt-out penalties, IRS can file liens destroying their credit; that families deemed not poor by Government for subsidized insurance, may have to sell their homes or borrow money to buy health insurance or pay Opt-Out penalties with money needed for their medical expenses.

Falling home prices continue to lower property taxes, forcing local governments to layoff workers and ask federal agencies for money; increasing federal deficits. Historically dropping home values cause unemployment in related real estate industries, e.g. construction and manufacturing.