American property investment groups are already drawing up lists of wants in an effort to shape Barack Obama’s approach to the real estate market.
The president elect has a tough test ahead of him, with the US financial system still in a state of upheaval.
He is already meeting with economic advisers ahead of taking over from outgoing republican George Bush in January.
Real-Estate-Investing has already drawn up a 10-point run down of what it believes Obama can do to boost the real estate market.
The firm said: “America has a new President. As a nation, let’s hope he’s better with money than the last White House tenant.”
Its suggestions include a measure scrapping all property tax on new purchases for two years and allowing refinances to 80 per cent of current market value.
Property taxes should also be rolled back to 2002 and all home lines above market value should be forgiven, the company adds.
It also pointed a finger at the Bush administration’s $700 billion bailout of leading US financial institutions, saying the cash had been handed over with too few conditions.
It slammed the big bonuses still being handed out to bosses of big banking firms despite the rescue package.
Democrat nominee Obama beat republican John McCain in the race for the White House in the November 4 election.
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