Home › Forums › Closed Forums › Buying and Selling RE › How do you kill the 8k tax credit?
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October 10, 2009 at 2:51 PM #467836October 10, 2009 at 2:52 PM #467034DWCAPParticipant
[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
If I could campaign against the morgage tax deduction I would. But that is a structeral piece of tax law that would take an act of congress to change. I can yell at brick walls to move as well, it would be just about as useful.
The 8k tax credit on the other hand is set to expire, and will take an act of congress to extend it. It is much easier to maintain the status quo than to change something, so right now I will be ok with just letting this terrible piece of legeslation die.
Considering no one has actually responded with any groups, I am guessing that there really is no organized opposition to this BS.
October 10, 2009 at 2:52 PM #467212DWCAPParticipant[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
If I could campaign against the morgage tax deduction I would. But that is a structeral piece of tax law that would take an act of congress to change. I can yell at brick walls to move as well, it would be just about as useful.
The 8k tax credit on the other hand is set to expire, and will take an act of congress to extend it. It is much easier to maintain the status quo than to change something, so right now I will be ok with just letting this terrible piece of legeslation die.
Considering no one has actually responded with any groups, I am guessing that there really is no organized opposition to this BS.
October 10, 2009 at 2:52 PM #467559DWCAPParticipant[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
If I could campaign against the morgage tax deduction I would. But that is a structeral piece of tax law that would take an act of congress to change. I can yell at brick walls to move as well, it would be just about as useful.
The 8k tax credit on the other hand is set to expire, and will take an act of congress to extend it. It is much easier to maintain the status quo than to change something, so right now I will be ok with just letting this terrible piece of legeslation die.
Considering no one has actually responded with any groups, I am guessing that there really is no organized opposition to this BS.
October 10, 2009 at 2:52 PM #467633DWCAPParticipant[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
If I could campaign against the morgage tax deduction I would. But that is a structeral piece of tax law that would take an act of congress to change. I can yell at brick walls to move as well, it would be just about as useful.
The 8k tax credit on the other hand is set to expire, and will take an act of congress to extend it. It is much easier to maintain the status quo than to change something, so right now I will be ok with just letting this terrible piece of legeslation die.
Considering no one has actually responded with any groups, I am guessing that there really is no organized opposition to this BS.
October 10, 2009 at 2:52 PM #467841DWCAPParticipant[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
If I could campaign against the morgage tax deduction I would. But that is a structeral piece of tax law that would take an act of congress to change. I can yell at brick walls to move as well, it would be just about as useful.
The 8k tax credit on the other hand is set to expire, and will take an act of congress to extend it. It is much easier to maintain the status quo than to change something, so right now I will be ok with just letting this terrible piece of legeslation die.
Considering no one has actually responded with any groups, I am guessing that there really is no organized opposition to this BS.
October 10, 2009 at 2:54 PM #467039BuyerWillEPBParticipantAh, that’s actually not the case Mr. bob’07. When I moved to SD back in ’97 it was my goal and my intention to live there forever. Even back then the cost of living was just a bit out of reach so I decided to go back to the university, get my degree, and THEN I would be able to get a decent home and live there forever… But the housing boom doubled prices, and doubled them again to where I STILL couldn’t afford a decent place even after I got a better job.
So, I had to go to plan B. And so far this plan B is working even better than I expected. Now, I plan to pay off this Kansas house in the next several years, and my hope is that by that time SD prices will be back to below normal, and then buy a second house (or condo, who know’s) back in SD. I came to find out I love Kansas in many ways, haven’t seen any communists living here. π I feel more comfortable that way. And ironically enough, they don’t have many state fiscal problems here either.
I do still love SD in other ways too. I hope to come back some day if CA gets back to what it can be. It really is a small world these days.
October 10, 2009 at 2:54 PM #467217BuyerWillEPBParticipantAh, that’s actually not the case Mr. bob’07. When I moved to SD back in ’97 it was my goal and my intention to live there forever. Even back then the cost of living was just a bit out of reach so I decided to go back to the university, get my degree, and THEN I would be able to get a decent home and live there forever… But the housing boom doubled prices, and doubled them again to where I STILL couldn’t afford a decent place even after I got a better job.
So, I had to go to plan B. And so far this plan B is working even better than I expected. Now, I plan to pay off this Kansas house in the next several years, and my hope is that by that time SD prices will be back to below normal, and then buy a second house (or condo, who know’s) back in SD. I came to find out I love Kansas in many ways, haven’t seen any communists living here. π I feel more comfortable that way. And ironically enough, they don’t have many state fiscal problems here either.
I do still love SD in other ways too. I hope to come back some day if CA gets back to what it can be. It really is a small world these days.
October 10, 2009 at 2:54 PM #467564BuyerWillEPBParticipantAh, that’s actually not the case Mr. bob’07. When I moved to SD back in ’97 it was my goal and my intention to live there forever. Even back then the cost of living was just a bit out of reach so I decided to go back to the university, get my degree, and THEN I would be able to get a decent home and live there forever… But the housing boom doubled prices, and doubled them again to where I STILL couldn’t afford a decent place even after I got a better job.
So, I had to go to plan B. And so far this plan B is working even better than I expected. Now, I plan to pay off this Kansas house in the next several years, and my hope is that by that time SD prices will be back to below normal, and then buy a second house (or condo, who know’s) back in SD. I came to find out I love Kansas in many ways, haven’t seen any communists living here. π I feel more comfortable that way. And ironically enough, they don’t have many state fiscal problems here either.
I do still love SD in other ways too. I hope to come back some day if CA gets back to what it can be. It really is a small world these days.
October 10, 2009 at 2:54 PM #467638BuyerWillEPBParticipantAh, that’s actually not the case Mr. bob’07. When I moved to SD back in ’97 it was my goal and my intention to live there forever. Even back then the cost of living was just a bit out of reach so I decided to go back to the university, get my degree, and THEN I would be able to get a decent home and live there forever… But the housing boom doubled prices, and doubled them again to where I STILL couldn’t afford a decent place even after I got a better job.
So, I had to go to plan B. And so far this plan B is working even better than I expected. Now, I plan to pay off this Kansas house in the next several years, and my hope is that by that time SD prices will be back to below normal, and then buy a second house (or condo, who know’s) back in SD. I came to find out I love Kansas in many ways, haven’t seen any communists living here. π I feel more comfortable that way. And ironically enough, they don’t have many state fiscal problems here either.
I do still love SD in other ways too. I hope to come back some day if CA gets back to what it can be. It really is a small world these days.
October 10, 2009 at 2:54 PM #467846BuyerWillEPBParticipantAh, that’s actually not the case Mr. bob’07. When I moved to SD back in ’97 it was my goal and my intention to live there forever. Even back then the cost of living was just a bit out of reach so I decided to go back to the university, get my degree, and THEN I would be able to get a decent home and live there forever… But the housing boom doubled prices, and doubled them again to where I STILL couldn’t afford a decent place even after I got a better job.
So, I had to go to plan B. And so far this plan B is working even better than I expected. Now, I plan to pay off this Kansas house in the next several years, and my hope is that by that time SD prices will be back to below normal, and then buy a second house (or condo, who know’s) back in SD. I came to find out I love Kansas in many ways, haven’t seen any communists living here. π I feel more comfortable that way. And ironically enough, they don’t have many state fiscal problems here either.
I do still love SD in other ways too. I hope to come back some day if CA gets back to what it can be. It really is a small world these days.
October 10, 2009 at 3:03 PM #467048BuyerWillEPBParticipant@ briansd1
You’re right, I am actually against socialist programs. And I had already paid 1/3 of the mortgage that first year. I didn’t need that $7500 interest free loan. But to not utilize it would be just plain stupid.
I vote against big government, and socialist programs every time I vote… and I mean Every time. But I keep losing, and as punishment I’ll just have to take that $7500 and use it in some way that will help prepare my kids to pay back the Huge debt load immorally forced upon them.
October 10, 2009 at 3:03 PM #467227BuyerWillEPBParticipant@ briansd1
You’re right, I am actually against socialist programs. And I had already paid 1/3 of the mortgage that first year. I didn’t need that $7500 interest free loan. But to not utilize it would be just plain stupid.
I vote against big government, and socialist programs every time I vote… and I mean Every time. But I keep losing, and as punishment I’ll just have to take that $7500 and use it in some way that will help prepare my kids to pay back the Huge debt load immorally forced upon them.
October 10, 2009 at 3:03 PM #467574BuyerWillEPBParticipant@ briansd1
You’re right, I am actually against socialist programs. And I had already paid 1/3 of the mortgage that first year. I didn’t need that $7500 interest free loan. But to not utilize it would be just plain stupid.
I vote against big government, and socialist programs every time I vote… and I mean Every time. But I keep losing, and as punishment I’ll just have to take that $7500 and use it in some way that will help prepare my kids to pay back the Huge debt load immorally forced upon them.
October 10, 2009 at 3:03 PM #467648BuyerWillEPBParticipant@ briansd1
You’re right, I am actually against socialist programs. And I had already paid 1/3 of the mortgage that first year. I didn’t need that $7500 interest free loan. But to not utilize it would be just plain stupid.
I vote against big government, and socialist programs every time I vote… and I mean Every time. But I keep losing, and as punishment I’ll just have to take that $7500 and use it in some way that will help prepare my kids to pay back the Huge debt load immorally forced upon them.
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