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Our homes make the news again.
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dbelliveau
Mueller Community

Posts: 20
Joined on January 4th, 2009
Our homes make the news again.
by dbelliveau on October 10th, 2009

 
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GarrethWilcock
Mueller Community

Posts: 480
Joined on February 23rd, 2008
Our homes make the news again.
by GarrethWilcock on October 10th, 2009

Austin has good fundamentals!


top tip: don't apply for a $9000 tax credit if you bought your first home this year. $8000 is the limit - don't believe everything you hear on the news ;)
 
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dhs
Mueller Community

Posts: 179
Joined on January 5th, 2009
Our homes make the news again.
by dhs on October 11th, 2009

Quote:
top tip: don't apply for a $9000 tax credit if you bought your first home this year. $8000 is the limit - don't believe everything you hear on the news ;)



The tax benefit last year is not a tax credit, as it is this year (and will be for following years, if they extend it). Instead the people who bought a house last year and qualified for the tax benefit get, effectively a short-term, interest-free loan that they must pay back. And the top amount last year was only $7500.

In other words, the people who took the greater risk by buying a house last year get [screwed]. When the politicians in Washington get something this simple so wrong, It kind of makes one wonder if they should be running healthcare ... .

Feel free to write your congressional representatives. Top tip: use small words.
Doug
 
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