FatDomDaddy -> RE: Cash for Caulkers could mean $12K per home (12/10/2009 7:27:49 PM)
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ORIGINAL: Brain I may be wrong, but I think this program is going to be very popular just like the cash for clunkers program and it wouldn't surprise me if it’s so successful that they run out of money. Cash for Caulkers c Cash for Caulkers could mean $12K per home - Yahoo! Finance To keep consumers from having to spend thousands of dollars before getting reimbursed, Nadel said, one idea is to have contractors or big box retailers pay part of the cost up front. Big-ticket items like air conditioners, heating systems, washing machines, refrigerators, windows and insulation would likely be covered, Nadel said. Consumers might be eligible for a 50% rebate on both the price of the equipment and the installation, up to $12,000, said Nadel. So far, there is no income restriction on who is eligible. That would mean a household could spend as much as $24,000 on upgrades and get half back. http://finance.yahoo.com/news/Cash-for-Caulkers-could-mean-cnnm-1594823266.html?x=0&.v=1 You mean rich, folks who own homes and can afford new stuff... meanwhile the lower middles and poor who rent get nothing.... Tell me... how are you going to get $500 back on a $1000 energy saver washer/dryer combo unless you have $1000 extra to spend?
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