Homebuyer tax credit bill passes Senate

[pemeliza]

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.

[SD Realtor]

Once again, this is entirely expected. To think this was not going to happen is not realistic. I am not in agreement with this either, especially when you add the interest up on the all the money spent.

[SD Realtor]

Once again, this is entirely expected. To think this was not going to happen is not realistic. I am not in agreement with this either, especially when you add the interest up on the all the money spent.

[SD Realtor]

Once again, this is entirely expected. To think this was not going to happen is not realistic. I am not in agreement with this either, especially when you add the interest up on the all the money spent.

[SD Realtor]

Once again, this is entirely expected. To think this was not going to happen is not realistic. I am not in agreement with this either, especially when you add the interest up on the all the money spent.

[SD Realtor]

Once again, this is entirely expected. To think this was not going to happen is not realistic. I am not in agreement with this either, especially when you add the interest up on the all the money spent.

[DWCAP]

THis is SOOOO much more than a homebuyer tax credit.

1) gives 8k to people who buy a house before April 30th if they are a First time buyer.
1B) gives $6500 to people who already own homes (for 5+ years) to buy another.

2) Extends unemployment benifits for upto 20 weeks.

3) Allows companies to claw back taxes they paid upto 5 years ago because of losses they incure in 2008 and 2009 (as long as you arnt a TARP baby).

The funny part is the Democrats are complaining that the Republicans were trying to hold this up because they also wanted to end TARP. They also called it a giant waste of money, which it is. And yet it passes 98-0. Shouldnt we just call them the Demoplubicans now?

How much you wanna bet me there is another increase/extension in March? I am now waiting to just see what the governement will give me. I am thinking of holding out until I get an interest free 30 year loan. That would get me off the fence.

http://www.bloomberg.com/apps/news?pid=20601087&sid=agSFSYeHmE_g&pos=9

[DWCAP]

THis is SOOOO much more than a homebuyer tax credit.

1) gives 8k to people who buy a house before April 30th if they are a First time buyer.
1B) gives $6500 to people who already own homes (for 5+ years) to buy another.

2) Extends unemployment benifits for upto 20 weeks.

3) Allows companies to claw back taxes they paid upto 5 years ago because of losses they incure in 2008 and 2009 (as long as you arnt a TARP baby).

The funny part is the Democrats are complaining that the Republicans were trying to hold this up because they also wanted to end TARP. They also called it a giant waste of money, which it is. And yet it passes 98-0. Shouldnt we just call them the Demoplubicans now?

How much you wanna bet me there is another increase/extension in March? I am now waiting to just see what the governement will give me. I am thinking of holding out until I get an interest free 30 year loan. That would get me off the fence.

http://www.bloomberg.com/apps/news?pid=20601087&sid=agSFSYeHmE_g&pos=9

[DWCAP]

THis is SOOOO much more than a homebuyer tax credit.

1) gives 8k to people who buy a house before April 30th if they are a First time buyer.
1B) gives $6500 to people who already own homes (for 5+ years) to buy another.

2) Extends unemployment benifits for upto 20 weeks.

3) Allows companies to claw back taxes they paid upto 5 years ago because of losses they incure in 2008 and 2009 (as long as you arnt a TARP baby).

The funny part is the Democrats are complaining that the Republicans were trying to hold this up because they also wanted to end TARP. They also called it a giant waste of money, which it is. And yet it passes 98-0. Shouldnt we just call them the Demoplubicans now?

How much you wanna bet me there is another increase/extension in March? I am now waiting to just see what the governement will give me. I am thinking of holding out until I get an interest free 30 year loan. That would get me off the fence.

http://www.bloomberg.com/apps/news?pid=20601087&sid=agSFSYeHmE_g&pos=9

[DWCAP]

THis is SOOOO much more than a homebuyer tax credit.

1) gives 8k to people who buy a house before April 30th if they are a First time buyer.
1B) gives $6500 to people who already own homes (for 5+ years) to buy another.

2) Extends unemployment benifits for upto 20 weeks.

3) Allows companies to claw back taxes they paid upto 5 years ago because of losses they incure in 2008 and 2009 (as long as you arnt a TARP baby).

The funny part is the Democrats are complaining that the Republicans were trying to hold this up because they also wanted to end TARP. They also called it a giant waste of money, which it is. And yet it passes 98-0. Shouldnt we just call them the Demoplubicans now?

How much you wanna bet me there is another increase/extension in March? I am now waiting to just see what the governement will give me. I am thinking of holding out until I get an interest free 30 year loan. That would get me off the fence.

http://www.bloomberg.com/apps/news?pid=20601087&sid=agSFSYeHmE_g&pos=9

[DWCAP]

THis is SOOOO much more than a homebuyer tax credit.

1) gives 8k to people who buy a house before April 30th if they are a First time buyer.
1B) gives $6500 to people who already own homes (for 5+ years) to buy another.

2) Extends unemployment benifits for upto 20 weeks.

3) Allows companies to claw back taxes they paid upto 5 years ago because of losses they incure in 2008 and 2009 (as long as you arnt a TARP baby).

The funny part is the Democrats are complaining that the Republicans were trying to hold this up because they also wanted to end TARP. They also called it a giant waste of money, which it is. And yet it passes 98-0. Shouldnt we just call them the Demoplubicans now?

How much you wanna bet me there is another increase/extension in March? I am now waiting to just see what the governement will give me. I am thinking of holding out until I get an interest free 30 year loan. That would get me off the fence.

http://www.bloomberg.com/apps/news?pid=20601087&sid=agSFSYeHmE_g&pos=9

[infoseeker]

For the new MAGI limits to take effect, when should the closing date be?

[infoseeker]

For the new MAGI limits to take effect, when should the closing date be?

[infoseeker]

For the new MAGI limits to take effect, when should the closing date be?

[infoseeker]

For the new MAGI limits to take effect, when should the closing date be?

[Author]

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