Comments on: Homebuyer Tax Credit Extension: It’s Crunch Time

By: www.taxproblem.org

www.taxproblem.org — Thu, 08 Jul 2010 11:21:44 +0000

With all the economy problems our country is having, it was nice to have a credit for people wanting to buy a house. Let's see how it will affect next year.

By: Techno Crazy

Techno Crazy — Mon, 28 Jun 2010 18:33:57 +0000

I agree about that, sure I like it too!. This strategy was very effective…………

By: Mortgage Expert

Mortgage Expert — Thu, 28 Jan 2010 07:07:51 +0000

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 Compromise

Offer in Compromise — Sun, 22 Nov 2009 12:01:28 +0000

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: Daniel

Daniel — Tue, 03 Nov 2009 13:10:03 +0000

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 more

Mon, 02 Nov 2009 21:24:36 +0000

[...] According to the coverage of the tax credit by the Phoenix Real Estate guy: [...]

By: Evan Little

Evan Little — Thu, 29 Oct 2009 00:53:58 +0000

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: gdallaire

gdallaire — Wed, 28 Oct 2009 15:43:31 +0000

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: BoiseRealEstateSoup

BoiseRealEstateSoup — Wed, 28 Oct 2009 11:33:57 +0000

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: $8000 Tax Credit May be Extended | Arizona Mortgage Guru

$8000 Tax Credit May be Extended | Arizona Mortgage Guru — Mon, 26 Oct 2009 19:09:44 +0000

[...] much coveted, desired and advertised $8,000 first time homebuyer tax credit may be extended after all. Here is the latest: WASHINGTON [...]