Any word on extending the tax credit?

[mike92104]

I feel like we are going to start seeing the recent price increases retrace themselves, and at that point, congress will tell us how well the credit has worked and that we need to double it.

[jpinpb]

Info I read:

First-Time Home Buyer Tax Credit May Be Extended

Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate Banking, Housing and Urban Affairs Committee and in a tight race for reelection next year, is co-sponsor of a bill with Georgia Republican Johnny Isakson [editor: S1230] that would raise the credit amount to a maximum of $15,000 [editor: any buyer, any home, no income cap]. Meanwhile, the Realtors and the builders are pushing not only for extension of the credit, but for broadening it to cover all home purchases in 2010.

Bills already are pending in both houses to extend the credit for another year. Senate Majority Leader Harry M. Reid (D-Nev.), whose state has been among the worst hit by the housing bust, reportedly now favors an extension of the credit. He was quoted to that effect by the Las Vegas Sun on Aug. 5, adding, “It’s something we can get done.”

[jpinpb]

Info I read:

First-Time Home Buyer Tax Credit May Be Extended

Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate Banking, Housing and Urban Affairs Committee and in a tight race for reelection next year, is co-sponsor of a bill with Georgia Republican Johnny Isakson [editor: S1230] that would raise the credit amount to a maximum of $15,000 [editor: any buyer, any home, no income cap]. Meanwhile, the Realtors and the builders are pushing not only for extension of the credit, but for broadening it to cover all home purchases in 2010.

Bills already are pending in both houses to extend the credit for another year. Senate Majority Leader Harry M. Reid (D-Nev.), whose state has been among the worst hit by the housing bust, reportedly now favors an extension of the credit. He was quoted to that effect by the Las Vegas Sun on Aug. 5, adding, “It’s something we can get done.”

[jpinpb]

Info I read:

First-Time Home Buyer Tax Credit May Be Extended

Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate Banking, Housing and Urban Affairs Committee and in a tight race for reelection next year, is co-sponsor of a bill with Georgia Republican Johnny Isakson [editor: S1230] that would raise the credit amount to a maximum of $15,000 [editor: any buyer, any home, no income cap]. Meanwhile, the Realtors and the builders are pushing not only for extension of the credit, but for broadening it to cover all home purchases in 2010.

Bills already are pending in both houses to extend the credit for another year. Senate Majority Leader Harry M. Reid (D-Nev.), whose state has been among the worst hit by the housing bust, reportedly now favors an extension of the credit. He was quoted to that effect by the Las Vegas Sun on Aug. 5, adding, “It’s something we can get done.”

[jpinpb]

Info I read:

First-Time Home Buyer Tax Credit May Be Extended

Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate Banking, Housing and Urban Affairs Committee and in a tight race for reelection next year, is co-sponsor of a bill with Georgia Republican Johnny Isakson [editor: S1230] that would raise the credit amount to a maximum of $15,000 [editor: any buyer, any home, no income cap]. Meanwhile, the Realtors and the builders are pushing not only for extension of the credit, but for broadening it to cover all home purchases in 2010.

Bills already are pending in both houses to extend the credit for another year. Senate Majority Leader Harry M. Reid (D-Nev.), whose state has been among the worst hit by the housing bust, reportedly now favors an extension of the credit. He was quoted to that effect by the Las Vegas Sun on Aug. 5, adding, “It’s something we can get done.”

[jpinpb]

Info I read:

First-Time Home Buyer Tax Credit May Be Extended

Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate Banking, Housing and Urban Affairs Committee and in a tight race for reelection next year, is co-sponsor of a bill with Georgia Republican Johnny Isakson [editor: S1230] that would raise the credit amount to a maximum of $15,000 [editor: any buyer, any home, no income cap]. Meanwhile, the Realtors and the builders are pushing not only for extension of the credit, but for broadening it to cover all home purchases in 2010.

Bills already are pending in both houses to extend the credit for another year. Senate Majority Leader Harry M. Reid (D-Nev.), whose state has been among the worst hit by the housing bust, reportedly now favors an extension of the credit. He was quoted to that effect by the Las Vegas Sun on Aug. 5, adding, “It’s something we can get done.”

[urbanrealtor]

[quote=DWCAP]August is summer recess for congress, and health care is drowning out everything else in the media. Dont worry, I am sure congress will pay off the bribes of the RE industry with tax payer dollars in October.[/quote]

For God’s sake I hope so.
Those bribes cost me good money.

In all honesty, I don’t think there is a politically viable way to not extend them.

In the end, they are beholden to our whims regardless of our own stupidity.

[urbanrealtor]

[quote=DWCAP]August is summer recess for congress, and health care is drowning out everything else in the media. Dont worry, I am sure congress will pay off the bribes of the RE industry with tax payer dollars in October.[/quote]

For God’s sake I hope so.
Those bribes cost me good money.

In all honesty, I don’t think there is a politically viable way to not extend them.

In the end, they are beholden to our whims regardless of our own stupidity.

[urbanrealtor]

[quote=DWCAP]August is summer recess for congress, and health care is drowning out everything else in the media. Dont worry, I am sure congress will pay off the bribes of the RE industry with tax payer dollars in October.[/quote]

For God’s sake I hope so.
Those bribes cost me good money.

In all honesty, I don’t think there is a politically viable way to not extend them.

In the end, they are beholden to our whims regardless of our own stupidity.

[urbanrealtor]

[quote=DWCAP]August is summer recess for congress, and health care is drowning out everything else in the media. Dont worry, I am sure congress will pay off the bribes of the RE industry with tax payer dollars in October.[/quote]

For God’s sake I hope so.
Those bribes cost me good money.

In all honesty, I don’t think there is a politically viable way to not extend them.

In the end, they are beholden to our whims regardless of our own stupidity.

[urbanrealtor]

[quote=DWCAP]August is summer recess for congress, and health care is drowning out everything else in the media. Dont worry, I am sure congress will pay off the bribes of the RE industry with tax payer dollars in October.[/quote]

For God’s sake I hope so.
Those bribes cost me good money.

In all honesty, I don’t think there is a politically viable way to not extend them.

In the end, they are beholden to our whims regardless of our own stupidity.

[SD Realtor]

I think there should be a credit extended for watching football on Sunday.

Call it the sportsfan of america economic stimulus package. This money will be well reinvested by consumers in cable or satellite football packages, pizza, beer, chips, sodas, consumer electronics, etc.

You can also attach it to cash for your crappy tv iniative to buy a new flatscreen.

Then we will initiate a cash for crappy couches as well so places like Jeromes will thrive!

[SD Realtor]

I think there should be a credit extended for watching football on Sunday.

Call it the sportsfan of america economic stimulus package. This money will be well reinvested by consumers in cable or satellite football packages, pizza, beer, chips, sodas, consumer electronics, etc.

You can also attach it to cash for your crappy tv iniative to buy a new flatscreen.

Then we will initiate a cash for crappy couches as well so places like Jeromes will thrive!

[SD Realtor]

I think there should be a credit extended for watching football on Sunday.

Call it the sportsfan of america economic stimulus package. This money will be well reinvested by consumers in cable or satellite football packages, pizza, beer, chips, sodas, consumer electronics, etc.

You can also attach it to cash for your crappy tv iniative to buy a new flatscreen.

Then we will initiate a cash for crappy couches as well so places like Jeromes will thrive!

[SD Realtor]

I think there should be a credit extended for watching football on Sunday.

Call it the sportsfan of america economic stimulus package. This money will be well reinvested by consumers in cable or satellite football packages, pizza, beer, chips, sodas, consumer electronics, etc.

You can also attach it to cash for your crappy tv iniative to buy a new flatscreen.

Then we will initiate a cash for crappy couches as well so places like Jeromes will thrive!

[Author]

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