Comments on: Homebuyer Tax Credit Extension: It’s Crunch Time http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/ Phoenix real estate | Search Phoenix Homes for sale | Real Estate Blog Sun, 21 Mar 2010 16:39:33 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Mortgage Experthttp://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-64155 Mortgage Expert Thu, 28 Jan 2010 14:07:51 +0000 http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-64155 Well we all now know that the scheme was updated but the problem I have never agreed with this tax credit in the first place. Giving $8000 tofirst time buyers is 90% of the time just going to benefit those who were thinking of buying an house anyway. I mean $8000 is nice but a mortgage is a huge commitment and considering the economic climate not many people are willing to commit or have the funds for it. Well we all now know that the scheme was updated but the problem I have never agreed with this tax credit in the first place. Giving $8000 tofirst time buyers is 90% of the time just going to benefit those who were thinking of buying an house anyway. I mean $8000 is nice but a mortgage is a huge commitment and considering the economic climate not many people are willing to commit or have the funds for it.

]]> By: Offer in Compromisehttp://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60713 Offer in Compromise Sun, 22 Nov 2009 17:01:28 +0000 http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60713 Since the taxpayers are paying the bill anyway, why don't we do something to keep more people in their homes. This will at least limit the number of homes that are on the market and maybe help establish a floor on the market. Unless we tackle this issue we may be stuck in this housing rut for awhile. Since the taxpayers are paying the bill anyway, why don't we do something to keep more people in their homes. This will at least limit the number of homes that are on the market and maybe help establish a floor on the market. Unless we tackle this issue we may be stuck in this housing rut for awhile.

]]> By: Danielhttp://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60385 Daniel Tue, 03 Nov 2009 18:10:03 +0000 http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60385 I like it too. This strategy was very effective in the Hybrid Car incentives during the Bush years. First comers get the whole thing, late comers get less until the money is spent. One of the few things the guy did that made any sense. Lots of people, myself included, have hit hiccups in closing the deal (appraisals, slow processing, delayed communication from the seller, etc.) that will keep them from hitting the mark. Let's ween everyone off slowly. If only we could ween giant corporations off government subsidies as easily we'd all be in better shape. I like it too. This strategy was very effective in the Hybrid Car incentives during the Bush years. First comers get the whole thing, late comers get less until the money is spent. One of the few things the guy did that made any sense. Lots of people, myself included, have hit hiccups in closing the deal (appraisals, slow processing, delayed communication from the seller, etc.) that will keep them from hitting the mark. Let's ween everyone off slowly. If only we could ween giant corporations off government subsidies as easily we'd all be in better shape.

]]> By: Too Late For First Time Home Buyer Tax Credit? | Diroloo | All About loans, mortgages and much morehttp://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60374 Too Late For First Time Home Buyer Tax Credit? | Diroloo | All About loans, mortgages and much more Mon, 02 Nov 2009 21:24:36 +0000 http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60374 [...] According to the coverage of the tax credit by the Phoenix Real Estate guy: [...] [...] According to the coverage of the tax credit by the Phoenix Real Estate guy: [...]

]]> By: Evan Littlehttp://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60261 Evan Little Thu, 29 Oct 2009 05:53:58 +0000 http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60261 I'd like to see the tax credit not be renewed even though I'm an agent that works with many first time home buyers myself. I don't believe in the federal government or my state government, California, to make a positive impact. The REALTOR(R) and Builders associations can blow all of our membership money on lobbying for ridiculous programs like this to prolong the inevitable a little longer. Let's get down to brass tax here and welcome some reality and begin the painful economic healing process before we're using our "legal" tender to light a fire I'd like to see the tax credit not be renewed even though I'm an agent that works with many first time home buyers myself. I don't believe in the federal government or my state government, California, to make a positive impact. The REALTOR(R) and Builders associations can blow all of our membership money on lobbying for ridiculous programs like this to prolong the inevitable a little longer. Let's get down to brass tax here and welcome some reality and begin the painful economic healing process before we're using our “legal” tender to light a fire

]]> By: gdallairehttp://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60254 gdallaire Wed, 28 Oct 2009 20:43:31 +0000 http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60254 I will be blown away if it doesnt get extended. I'm not a supporter of the tax credit for a variety of different reasons that I'll avoid due to political discussion. <br><br>Our country is on the mentaility that we can spend ourself out of a problem. It's not going to happen we are prolonging the true recovery and or crash. I will be blown away if it doesnt get extended. I'm not a supporter of the tax credit for a variety of different reasons that I'll avoid due to political discussion.

Our country is on the mentaility that we can spend ourself out of a problem. It's not going to happen we are prolonging the true recovery and or crash.

]]> By: BoiseRealEstateSouphttp://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60249 BoiseRealEstateSoup Wed, 28 Oct 2009 16:33:57 +0000 http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60249 I like the concept of the phase-out idea for the same reasons that Jay mentioned. Many people in the Boise real estate market are assuming the credit will be extended. Deadlines create urgency and that is what our market needs. I like the concept of the phase-out idea for the same reasons that Jay mentioned. Many people in the Boise real estate market are assuming the credit will be extended. Deadlines create urgency and that is what our market needs.

]]> By: BShttp://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60215 BS Mon, 26 Oct 2009 22:13:41 +0000 http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60215 If they extend it to everyone and If you make 150,000 a year or 300,000 as a couple you shouldnt need or be worried about 8,000 dollars.They would just spend it all in one place like granite counters,or a huge mansion size refrigerator.That to me is a total waste. It would be better if they just extended it and doubled it for first time home buyers People who would otherwise have to use their credit cards to buy house hold items furniture,appliances ect starting off in a new home with credit card debt not good. If you can afford a 300,000-500,000 dollar mortage to trade up then that 8,000 shouldnt be what makes them leap into a new home.Talk about throwing money at the rich. People who make that much money a year dont need any help.Those kind of people arent cutting back on expenses and buying things.Those are the people who dont notice the change in the economy they arent affected by it. If they extend it to everyone and If you make 150,000 a year or 300,000 as a couple you shouldnt need or be worried about 8,000 dollars.They would just spend it all in one place like granite counters,or a huge mansion size refrigerator.That to me is a total waste. It would be better if they just extended it and doubled it for first time home buyers People who would otherwise have to use their credit cards to buy house hold items furniture,appliances ect starting off in a new home with credit card debt not good. If you can afford a 300,000-500,000 dollar mortage to trade up then that 8,000 shouldnt be what makes them leap into a new home.Talk about throwing money at the rich. People who make that much money a year dont need any help.Those kind of people arent cutting back on expenses and buying things.Those are the people who dont notice the change in the economy they arent affected by it.

]]> By: $8000 Tax Credit May be Extended | Arizona Mortgage Guruhttp://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60213 $8000 Tax Credit May be Extended | Arizona Mortgage Guru Mon, 26 Oct 2009 19:09:44 +0000 http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60213 [...] much coveted, desired and advertised $8,000 first time homebuyer tax credit may be extended after all.  Here is the latest: WASHINGTON [...] [...] much coveted, desired and advertised $8,000 first time homebuyer tax credit may be extended after all.  Here is the latest: WASHINGTON [...]

]]> By: High CD Rateshttp://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60210 High CD Rates Mon, 26 Oct 2009 14:51:45 +0000 http://www.phoenixrealestateguy.com/homebuyer-tax-credit-extension-its-crunch-time/#comment-60210 I agree, just to avail $8K credit is meaningless. Hope to hear some good report or some amendment. I agree, just to avail $8K credit is meaningless. Hope to hear some good report or some amendment.

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