Comments on: Breaking: Senate Democrat Leaders Reach Deal on Homebuyer Tax Credit

By: Jay Thompson

Jay Thompson — Fri, 30 Oct 2009 05:45:50 +0000

Marty – I'd be stunned if the tax credit wasn't extended in some form. I do think it's premature to say exactly what form that will be.

By: wegif

wegif — Fri, 30 Oct 2009 05:22:44 +0000

The issue really creates ambiguations among the real estate brokers, clients and owners. Hope this issue be resolved. Visit this site for hassle free deals. Belleville Real Estate

By: martyboardman

martyboardman — Thu, 29 Oct 2009 23:28:29 +0000

Is there really a possibility that this extension won't happen now? The only unknown seems to be for how much and how long.

By: martyboardman

martyboardman — Thu, 29 Oct 2009 23:19:34 +0000

I worked in TV news for 15 years before going into real estate. The newsroom motto was 'never let the facts get in the way of a good story'. It appears as though many real estate professionals have adopted the same strategy.

By: rosmeanconsultants

rosmeanconsultants — Thu, 29 Oct 2009 10:57:35 +0000

Thanks for the great info, cheers!

By: Jay Thompson

Jay Thompson — Thu, 29 Oct 2009 08:20:14 +0000

Tony – so far “move up” has not been well defined. Several things I saw today said it was simply someone who has owned a home for five consecutive years out of the past eight years.

This is one of those things we probably won't really understand until after the bill is passed and the definition is clarified. Until then, it's all speculation.

By: Jay Thompson

Jay Thompson — Thu, 29 Oct 2009 08:17:09 +0000

I'll be very surprised if it DOESN'T go through.

It's expensive, it does artificially prop up prices, and it may be getting people into a home that they really can't afford (and look where that got us a few years ago).

But it would probably be political suicide not to extend it. And every politician has one primary focus and purpose in life -- getting re-elected.

By: SpokaneHomeGuy

SpokaneHomeGuy — Thu, 29 Oct 2009 07:58:03 +0000

I will be very surprised if it goes through, but will be equally happy It's hard keeping up on it all the time! Thanks for the great info.

By: Kyle

Kyle — Thu, 29 Oct 2009 03:35:14 +0000

“without extending the tax credit NOW our entire housing market will be in for some ROUGH times. That's why we should extend it until (insert month) so things can recover more before pulling the plug!”

Replay argument again after extension when unemployment sits at 10+%, inflation kicks in, and interest rates are significantly higher. Actually, this scenario will probably prompt a bigger credit. yay for artificial floors!

By: Toby Barnett

Toby Barnett — Thu, 29 Oct 2009 00:32:27 +0000

news can travel at the speed of twitter now