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freshman.
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October 23, 2009 at 12:08 PM #16544October 23, 2009 at 1:06 PM #472766
freshman
Participantyes , if you are in military.
Your income is more than $150K so you are not qualified for Fed $8000 tax credit anyway. Also, CA new home buyer tax credit $10K was gone too. It is still in discussion of extending $8000 tax credit or not, seem unlikely.
You already gained from selling house before the crash. Now, the house price is low and mortgage rate is low, it should be the best time to buy. You cannot get all benefits from the crash. Think of the US currency and Fed stop buying treasury next year March, lower mortgage rate for 15 or 20 years is a better deal than getting a one time tax credit.
October 23, 2009 at 1:06 PM #472940Participantyes , if you are in military.
Your income is more than $150K so you are not qualified for Fed $8000 tax credit anyway. Also, CA new home buyer tax credit $10K was gone too. It is still in discussion of extending $8000 tax credit or not, seem unlikely.
You already gained from selling house before the crash. Now, the house price is low and mortgage rate is low, it should be the best time to buy. You cannot get all benefits from the crash. Think of the US currency and Fed stop buying treasury next year March, lower mortgage rate for 15 or 20 years is a better deal than getting a one time tax credit.
October 23, 2009 at 1:06 PM #473303Participantyes , if you are in military.
Your income is more than $150K so you are not qualified for Fed $8000 tax credit anyway. Also, CA new home buyer tax credit $10K was gone too. It is still in discussion of extending $8000 tax credit or not, seem unlikely.
You already gained from selling house before the crash. Now, the house price is low and mortgage rate is low, it should be the best time to buy. You cannot get all benefits from the crash. Think of the US currency and Fed stop buying treasury next year March, lower mortgage rate for 15 or 20 years is a better deal than getting a one time tax credit.
October 23, 2009 at 1:06 PM #473380Participantyes , if you are in military.
Your income is more than $150K so you are not qualified for Fed $8000 tax credit anyway. Also, CA new home buyer tax credit $10K was gone too. It is still in discussion of extending $8000 tax credit or not, seem unlikely.
You already gained from selling house before the crash. Now, the house price is low and mortgage rate is low, it should be the best time to buy. You cannot get all benefits from the crash. Think of the US currency and Fed stop buying treasury next year March, lower mortgage rate for 15 or 20 years is a better deal than getting a one time tax credit.
October 23, 2009 at 1:06 PM #473604Participantyes , if you are in military.
Your income is more than $150K so you are not qualified for Fed $8000 tax credit anyway. Also, CA new home buyer tax credit $10K was gone too. It is still in discussion of extending $8000 tax credit or not, seem unlikely.
You already gained from selling house before the crash. Now, the house price is low and mortgage rate is low, it should be the best time to buy. You cannot get all benefits from the crash. Think of the US currency and Fed stop buying treasury next year March, lower mortgage rate for 15 or 20 years is a better deal than getting a one time tax credit.
October 23, 2009 at 2:19 PM #472818Scarlett
ParticipantI am sorry but I did not gain from selling my house before the crash. I bought in spring 2004, you see. I actually lost a little. Sure, it could have been worse, if I’d have sold later.
It seems like it might not be so bad to jump in now, so I guess it’s really not worth to wait to make 3 years of renting.
No, I am not in military.
Houses prices are lower than when I sold, but not *that* much lower…October 23, 2009 at 2:19 PM #472993ParticipantI am sorry but I did not gain from selling my house before the crash. I bought in spring 2004, you see. I actually lost a little. Sure, it could have been worse, if I’d have sold later.
It seems like it might not be so bad to jump in now, so I guess it’s really not worth to wait to make 3 years of renting.
No, I am not in military.
Houses prices are lower than when I sold, but not *that* much lower…October 23, 2009 at 2:19 PM #473359ParticipantI am sorry but I did not gain from selling my house before the crash. I bought in spring 2004, you see. I actually lost a little. Sure, it could have been worse, if I’d have sold later.
It seems like it might not be so bad to jump in now, so I guess it’s really not worth to wait to make 3 years of renting.
No, I am not in military.
Houses prices are lower than when I sold, but not *that* much lower…October 23, 2009 at 2:19 PM #473434ParticipantI am sorry but I did not gain from selling my house before the crash. I bought in spring 2004, you see. I actually lost a little. Sure, it could have been worse, if I’d have sold later.
It seems like it might not be so bad to jump in now, so I guess it’s really not worth to wait to make 3 years of renting.
No, I am not in military.
Houses prices are lower than when I sold, but not *that* much lower…October 23, 2009 at 2:19 PM #473656ParticipantI am sorry but I did not gain from selling my house before the crash. I bought in spring 2004, you see. I actually lost a little. Sure, it could have been worse, if I’d have sold later.
It seems like it might not be so bad to jump in now, so I guess it’s really not worth to wait to make 3 years of renting.
No, I am not in military.
Houses prices are lower than when I sold, but not *that* much lower…October 26, 2009 at 11:26 AM #473628ParticipantStay tuned when Gov. Arnold Schwarzenegger signs the new bill to extend tax credit on $30M. The last CA fund $100M was gone in 4 months. How long does $30M last for… ? few weeks ?
October 26, 2009 at 11:26 AM #473807ParticipantStay tuned when Gov. Arnold Schwarzenegger signs the new bill to extend tax credit on $30M. The last CA fund $100M was gone in 4 months. How long does $30M last for… ? few weeks ?
October 26, 2009 at 11:26 AM #474171ParticipantStay tuned when Gov. Arnold Schwarzenegger signs the new bill to extend tax credit on $30M. The last CA fund $100M was gone in 4 months. How long does $30M last for… ? few weeks ?
October 26, 2009 at 11:26 AM #474248ParticipantStay tuned when Gov. Arnold Schwarzenegger signs the new bill to extend tax credit on $30M. The last CA fund $100M was gone in 4 months. How long does $30M last for… ? few weeks ?
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