In the latest installment of luxury real estate agent Michael Marquette’s “View from the Bridge” he talks of media misinformation. Apparently, there are happy home buyers who had paid 5-10% above reserve price to ensure they received the First Home Owner’s Grant (FHOG) which ends on September 30, 2009. There was no discussion of the stupidity of buyers who had spent an additional $30,000 to $50,000 to purchase these homes in order to receive the $14,000 FHOG – I would gladly give someone a $14,000 payment if they gave me $30,000 or $50,000 extra in return.
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