$15,000 Tax Credit for Home Buyers?

[picpoule]

There’s rumblings to replace the $8,000 Federal Tax Credit with a $15,000 tax credit for all buyers once the $8,000 credit expires:

http://www.rockymounttelegram.com/news/bill-to-expand-housing-benefit-687420.html

[patientrenter]

We have an enormously complex system designed to help people buy homes, keep homes, live in their own homes…. Why not just replace all of them with a simple and more transparent system:

Pay $200,000 immediate govt cash to each and every homeowner. For people who own multiple homes, pay them multiples of the $200,000. For people who don’t think that’s enough, or that spend all the money, then re-visit the payment after a few years, and pay another $50,000, or whatever people want. This would boost the economy, encourage homeownership, and help the underprivileged and the victims of financial predators to live in comfort in a nice big home in a nice area. After 30 years of that, the home will have tripled in real price, and they can sell it and live in comfort in retirement, without the bother of having to save a lot.

[patientrenter]

We have an enormously complex system designed to help people buy homes, keep homes, live in their own homes…. Why not just replace all of them with a simple and more transparent system:

Pay $200,000 immediate govt cash to each and every homeowner. For people who own multiple homes, pay them multiples of the $200,000. For people who don’t think that’s enough, or that spend all the money, then re-visit the payment after a few years, and pay another $50,000, or whatever people want. This would boost the economy, encourage homeownership, and help the underprivileged and the victims of financial predators to live in comfort in a nice big home in a nice area. After 30 years of that, the home will have tripled in real price, and they can sell it and live in comfort in retirement, without the bother of having to save a lot.

[patientrenter]

We have an enormously complex system designed to help people buy homes, keep homes, live in their own homes…. Why not just replace all of them with a simple and more transparent system:

Pay $200,000 immediate govt cash to each and every homeowner. For people who own multiple homes, pay them multiples of the $200,000. For people who don’t think that’s enough, or that spend all the money, then re-visit the payment after a few years, and pay another $50,000, or whatever people want. This would boost the economy, encourage homeownership, and help the underprivileged and the victims of financial predators to live in comfort in a nice big home in a nice area. After 30 years of that, the home will have tripled in real price, and they can sell it and live in comfort in retirement, without the bother of having to save a lot.

[patientrenter]

We have an enormously complex system designed to help people buy homes, keep homes, live in their own homes…. Why not just replace all of them with a simple and more transparent system:

Pay $200,000 immediate govt cash to each and every homeowner. For people who own multiple homes, pay them multiples of the $200,000. For people who don’t think that’s enough, or that spend all the money, then re-visit the payment after a few years, and pay another $50,000, or whatever people want. This would boost the economy, encourage homeownership, and help the underprivileged and the victims of financial predators to live in comfort in a nice big home in a nice area. After 30 years of that, the home will have tripled in real price, and they can sell it and live in comfort in retirement, without the bother of having to save a lot.

[patientrenter]

We have an enormously complex system designed to help people buy homes, keep homes, live in their own homes…. Why not just replace all of them with a simple and more transparent system:

Pay $200,000 immediate govt cash to each and every homeowner. For people who own multiple homes, pay them multiples of the $200,000. For people who don’t think that’s enough, or that spend all the money, then re-visit the payment after a few years, and pay another $50,000, or whatever people want. This would boost the economy, encourage homeownership, and help the underprivileged and the victims of financial predators to live in comfort in a nice big home in a nice area. After 30 years of that, the home will have tripled in real price, and they can sell it and live in comfort in retirement, without the bother of having to save a lot.

[scaredyclassic]

in terms of incentives, why limit it just to cash? we have all kinds of other ways to motivate people. perhaps a home purchase could come with one “get out of jail free” card? Or you would simply be the subject of an honorary dinner where people would come and sign your praises, along with other home purchasers/ These sorts of non-cash incentives might be just as motivational for people to make purchasing decisions and might cost less. Get creative people, money isn’t everyhing!

[scaredyclassic]

in terms of incentives, why limit it just to cash? we have all kinds of other ways to motivate people. perhaps a home purchase could come with one “get out of jail free” card? Or you would simply be the subject of an honorary dinner where people would come and sign your praises, along with other home purchasers/ These sorts of non-cash incentives might be just as motivational for people to make purchasing decisions and might cost less. Get creative people, money isn’t everyhing!

[scaredyclassic]

in terms of incentives, why limit it just to cash? we have all kinds of other ways to motivate people. perhaps a home purchase could come with one “get out of jail free” card? Or you would simply be the subject of an honorary dinner where people would come and sign your praises, along with other home purchasers/ These sorts of non-cash incentives might be just as motivational for people to make purchasing decisions and might cost less. Get creative people, money isn’t everyhing!

[scaredyclassic]

in terms of incentives, why limit it just to cash? we have all kinds of other ways to motivate people. perhaps a home purchase could come with one “get out of jail free” card? Or you would simply be the subject of an honorary dinner where people would come and sign your praises, along with other home purchasers/ These sorts of non-cash incentives might be just as motivational for people to make purchasing decisions and might cost less. Get creative people, money isn’t everyhing!

[scaredyclassic]

in terms of incentives, why limit it just to cash? we have all kinds of other ways to motivate people. perhaps a home purchase could come with one “get out of jail free” card? Or you would simply be the subject of an honorary dinner where people would come and sign your praises, along with other home purchasers/ These sorts of non-cash incentives might be just as motivational for people to make purchasing decisions and might cost less. Get creative people, money isn’t everyhing!

[5yearwaiter]

[quote=picpoule]There’s rumblings to replace the $8,000 Federal Tax Credit with a $15,000 tax credit for all buyers once the $8,000 credit expires:

http://www.rockymounttelegram.com/news/bill-to-expand-housing-benefit-687420.html%5B/quote%5D

Don’t we call or consider this kind of acts are all Fraud? What if after purchase of house price goes down?. I appreciate if FED would also give a buy-back gurantee for the first 20% down amount incase “if the house value goes down”, well this sounds funny but who is going to assure for future loss? – so these acts may be Fraud. Now this kind of high attractions would push many to fall into this false spending on housing… but where is gurantee for the price we are going to throw on housing?

[5yearwaiter]

[quote=picpoule]There’s rumblings to replace the $8,000 Federal Tax Credit with a $15,000 tax credit for all buyers once the $8,000 credit expires:

http://www.rockymounttelegram.com/news/bill-to-expand-housing-benefit-687420.html%5B/quote%5D

Don’t we call or consider this kind of acts are all Fraud? What if after purchase of house price goes down?. I appreciate if FED would also give a buy-back gurantee for the first 20% down amount incase “if the house value goes down”, well this sounds funny but who is going to assure for future loss? – so these acts may be Fraud. Now this kind of high attractions would push many to fall into this false spending on housing… but where is gurantee for the price we are going to throw on housing?

[5yearwaiter]

[quote=picpoule]There’s rumblings to replace the $8,000 Federal Tax Credit with a $15,000 tax credit for all buyers once the $8,000 credit expires:

http://www.rockymounttelegram.com/news/bill-to-expand-housing-benefit-687420.html%5B/quote%5D

Don’t we call or consider this kind of acts are all Fraud? What if after purchase of house price goes down?. I appreciate if FED would also give a buy-back gurantee for the first 20% down amount incase “if the house value goes down”, well this sounds funny but who is going to assure for future loss? – so these acts may be Fraud. Now this kind of high attractions would push many to fall into this false spending on housing… but where is gurantee for the price we are going to throw on housing?

[5yearwaiter]

[quote=picpoule]There’s rumblings to replace the $8,000 Federal Tax Credit with a $15,000 tax credit for all buyers once the $8,000 credit expires:

http://www.rockymounttelegram.com/news/bill-to-expand-housing-benefit-687420.html%5B/quote%5D

Don’t we call or consider this kind of acts are all Fraud? What if after purchase of house price goes down?. I appreciate if FED would also give a buy-back gurantee for the first 20% down amount incase “if the house value goes down”, well this sounds funny but who is going to assure for future loss? – so these acts may be Fraud. Now this kind of high attractions would push many to fall into this false spending on housing… but where is gurantee for the price we are going to throw on housing?

[Author]

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