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Home › Forums › Housing › Homebuyer tax credit bill passes Senate

  • This topic has 80 replies, 13 voices, and was last updated 15 years ago by KIBU.
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  • November 5, 2009 at 8:28 AM #478105
    pemeliza
    Participant

    Thanks for the link freshman … I didn’t think the bill was retro-active and that confirmed it.

    November 5, 2009 at 9:10 AM #478149
    sdrealtor
    Participant

    Did anyone honestly think it wouldnt get extended? We are in the middle innings of this game. They aint even close to done with their attempts to bring this all down as gently as they can.

    November 5, 2009 at 9:10 AM #478595
    sdrealtor
    Participant

    Did anyone honestly think it wouldnt get extended? We are in the middle innings of this game. They aint even close to done with their attempts to bring this all down as gently as they can.

    November 5, 2009 at 9:10 AM #477979
    sdrealtor
    Participant

    Did anyone honestly think it wouldnt get extended? We are in the middle innings of this game. They aint even close to done with their attempts to bring this all down as gently as they can.

    November 5, 2009 at 9:10 AM #478518
    sdrealtor
    Participant

    Did anyone honestly think it wouldnt get extended? We are in the middle innings of this game. They aint even close to done with their attempts to bring this all down as gently as they can.

    November 5, 2009 at 9:10 AM #478818
    sdrealtor
    Participant

    Did anyone honestly think it wouldnt get extended? We are in the middle innings of this game. They aint even close to done with their attempts to bring this all down as gently as they can.

    November 5, 2009 at 9:14 AM #478823
    davelj
    Participant

    [quote=Arraya]Getting a few thousand dollars for a home that is overvalued way beyond that amount is not a good deal.
    [/quote]

    A large chunk of the housing stock is now reasonably priced. Granted, another chunk is still overvalued (by widely varying degrees). But so long as the credit (and I didn’t support extending it, by the way) is used to buy a reasonably-priced house… using the credit is not a bad deal for the buyer.

    November 5, 2009 at 9:14 AM #478154
    davelj
    Participant

    [quote=Arraya]Getting a few thousand dollars for a home that is overvalued way beyond that amount is not a good deal.
    [/quote]

    A large chunk of the housing stock is now reasonably priced. Granted, another chunk is still overvalued (by widely varying degrees). But so long as the credit (and I didn’t support extending it, by the way) is used to buy a reasonably-priced house… using the credit is not a bad deal for the buyer.

    November 5, 2009 at 9:14 AM #478600
    davelj
    Participant

    [quote=Arraya]Getting a few thousand dollars for a home that is overvalued way beyond that amount is not a good deal.
    [/quote]

    A large chunk of the housing stock is now reasonably priced. Granted, another chunk is still overvalued (by widely varying degrees). But so long as the credit (and I didn’t support extending it, by the way) is used to buy a reasonably-priced house… using the credit is not a bad deal for the buyer.

    November 5, 2009 at 9:14 AM #478523
    davelj
    Participant

    [quote=Arraya]Getting a few thousand dollars for a home that is overvalued way beyond that amount is not a good deal.
    [/quote]

    A large chunk of the housing stock is now reasonably priced. Granted, another chunk is still overvalued (by widely varying degrees). But so long as the credit (and I didn’t support extending it, by the way) is used to buy a reasonably-priced house… using the credit is not a bad deal for the buyer.

    November 5, 2009 at 9:14 AM #477984
    davelj
    Participant

    [quote=Arraya]Getting a few thousand dollars for a home that is overvalued way beyond that amount is not a good deal.
    [/quote]

    A large chunk of the housing stock is now reasonably priced. Granted, another chunk is still overvalued (by widely varying degrees). But so long as the credit (and I didn’t support extending it, by the way) is used to buy a reasonably-priced house… using the credit is not a bad deal for the buyer.

    November 5, 2009 at 9:21 AM #478169
    pemeliza
    Participant

    Personally, I thought it would get extended but not expanded to existing home owners. Seems a bit like an act of desperation. It will be interesting to see what happens this spring. Yes, there is a lot of distressed inventory but once the economy turns and people feel better about their jobs, the pent-up demand may be furious. That may be a while off but I get the feeling the potential pent-up demand is swelling as the sales volumes continue to shrink.

    In the coastal areas between 2000-2006 a lot of demand was relieved by new construction. One could have easily argued that new construction was the “shadow inventory” of that time period. The demand easily overcame the supply and the rest is history. Yes prices were lower back in 2000-2001 but interest rates where higher as was the value of the greenback.

    November 5, 2009 at 9:21 AM #478838
    pemeliza
    Participant

    Personally, I thought it would get extended but not expanded to existing home owners. Seems a bit like an act of desperation. It will be interesting to see what happens this spring. Yes, there is a lot of distressed inventory but once the economy turns and people feel better about their jobs, the pent-up demand may be furious. That may be a while off but I get the feeling the potential pent-up demand is swelling as the sales volumes continue to shrink.

    In the coastal areas between 2000-2006 a lot of demand was relieved by new construction. One could have easily argued that new construction was the “shadow inventory” of that time period. The demand easily overcame the supply and the rest is history. Yes prices were lower back in 2000-2001 but interest rates where higher as was the value of the greenback.

    November 5, 2009 at 9:21 AM #478615
    pemeliza
    Participant

    Personally, I thought it would get extended but not expanded to existing home owners. Seems a bit like an act of desperation. It will be interesting to see what happens this spring. Yes, there is a lot of distressed inventory but once the economy turns and people feel better about their jobs, the pent-up demand may be furious. That may be a while off but I get the feeling the potential pent-up demand is swelling as the sales volumes continue to shrink.

    In the coastal areas between 2000-2006 a lot of demand was relieved by new construction. One could have easily argued that new construction was the “shadow inventory” of that time period. The demand easily overcame the supply and the rest is history. Yes prices were lower back in 2000-2001 but interest rates where higher as was the value of the greenback.

    November 5, 2009 at 9:21 AM #478537
    pemeliza
    Participant

    Personally, I thought it would get extended but not expanded to existing home owners. Seems a bit like an act of desperation. It will be interesting to see what happens this spring. Yes, there is a lot of distressed inventory but once the economy turns and people feel better about their jobs, the pent-up demand may be furious. That may be a while off but I get the feeling the potential pent-up demand is swelling as the sales volumes continue to shrink.

    In the coastal areas between 2000-2006 a lot of demand was relieved by new construction. One could have easily argued that new construction was the “shadow inventory” of that time period. The demand easily overcame the supply and the rest is history. Yes prices were lower back in 2000-2001 but interest rates where higher as was the value of the greenback.

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