Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit

[SDEngineer]

If they GOP had wanted more of their provisions kept in the final bill, perhaps more of them should have voted for the package? Not like it wasn’t going to be passed anyway, but now the Senate leadership only has to worry about keeping 2 of the 3 GOP moderates appeased.

[cr]

Just wait another year or two guys. This won’t turn housing around, we know that. But look at the trend: 2008 – $7500 loan, 2009 – $15,000 tax credit, what’s next?

I’m holding out until 2011 for a $60,000 direct account transfer after the 2010 $30,000 Gov’t subsidized down payment fails to turn housing around too.

$15,000 is a joke in CA. It’s not even enough for a 5% down payment, and when prices fall another 25% you’ll be underwater anyway. Unless you put 30% or more down in which case you might be even. If prices stop falling.

Right now, there’s no sign of that.

[cr]

Just wait another year or two guys. This won’t turn housing around, we know that. But look at the trend: 2008 – $7500 loan, 2009 – $15,000 tax credit, what’s next?

I’m holding out until 2011 for a $60,000 direct account transfer after the 2010 $30,000 Gov’t subsidized down payment fails to turn housing around too.

$15,000 is a joke in CA. It’s not even enough for a 5% down payment, and when prices fall another 25% you’ll be underwater anyway. Unless you put 30% or more down in which case you might be even. If prices stop falling.

Right now, there’s no sign of that.

[cr]

Just wait another year or two guys. This won’t turn housing around, we know that. But look at the trend: 2008 – $7500 loan, 2009 – $15,000 tax credit, what’s next?

I’m holding out until 2011 for a $60,000 direct account transfer after the 2010 $30,000 Gov’t subsidized down payment fails to turn housing around too.

$15,000 is a joke in CA. It’s not even enough for a 5% down payment, and when prices fall another 25% you’ll be underwater anyway. Unless you put 30% or more down in which case you might be even. If prices stop falling.

Right now, there’s no sign of that.

[cr]

Just wait another year or two guys. This won’t turn housing around, we know that. But look at the trend: 2008 – $7500 loan, 2009 – $15,000 tax credit, what’s next?

I’m holding out until 2011 for a $60,000 direct account transfer after the 2010 $30,000 Gov’t subsidized down payment fails to turn housing around too.

$15,000 is a joke in CA. It’s not even enough for a 5% down payment, and when prices fall another 25% you’ll be underwater anyway. Unless you put 30% or more down in which case you might be even. If prices stop falling.

Right now, there’s no sign of that.

[cr]

Just wait another year or two guys. This won’t turn housing around, we know that. But look at the trend: 2008 – $7500 loan, 2009 – $15,000 tax credit, what’s next?

I’m holding out until 2011 for a $60,000 direct account transfer after the 2010 $30,000 Gov’t subsidized down payment fails to turn housing around too.

$15,000 is a joke in CA. It’s not even enough for a 5% down payment, and when prices fall another 25% you’ll be underwater anyway. Unless you put 30% or more down in which case you might be even. If prices stop falling.

Right now, there’s no sign of that.

[carlsbadworker]

[quote=cooprider]Just wait another year or two guys. This won’t turn housing around, we know that. But look at the trend: 2008 – $7500 loan, 2009 – $15,000 tax credit, what’s next?
I’m holding out until 2011 for a $60,000 direct account transfer after the 2010 $30,000 Gov’t subsidized down payment fails to turn housing around too.
[/quote]

Good luck! Just FYI, $15000 tax credit seems to be taken out already:

“Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these officials said.”

http://finance.yahoo.com/news/Stimulus-pared-to-789-billion-apf-14325858.html

[carlsbadworker]

[quote=cooprider]Just wait another year or two guys. This won’t turn housing around, we know that. But look at the trend: 2008 – $7500 loan, 2009 – $15,000 tax credit, what’s next?
I’m holding out until 2011 for a $60,000 direct account transfer after the 2010 $30,000 Gov’t subsidized down payment fails to turn housing around too.
[/quote]

Good luck! Just FYI, $15000 tax credit seems to be taken out already:

“Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these officials said.”

http://finance.yahoo.com/news/Stimulus-pared-to-789-billion-apf-14325858.html

[carlsbadworker]

[quote=cooprider]Just wait another year or two guys. This won’t turn housing around, we know that. But look at the trend: 2008 – $7500 loan, 2009 – $15,000 tax credit, what’s next?
I’m holding out until 2011 for a $60,000 direct account transfer after the 2010 $30,000 Gov’t subsidized down payment fails to turn housing around too.
[/quote]

Good luck! Just FYI, $15000 tax credit seems to be taken out already:

“Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these officials said.”

http://finance.yahoo.com/news/Stimulus-pared-to-789-billion-apf-14325858.html

[carlsbadworker]

[quote=cooprider]Just wait another year or two guys. This won’t turn housing around, we know that. But look at the trend: 2008 – $7500 loan, 2009 – $15,000 tax credit, what’s next?
I’m holding out until 2011 for a $60,000 direct account transfer after the 2010 $30,000 Gov’t subsidized down payment fails to turn housing around too.
[/quote]

Good luck! Just FYI, $15000 tax credit seems to be taken out already:

“Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these officials said.”

http://finance.yahoo.com/news/Stimulus-pared-to-789-billion-apf-14325858.html

[carlsbadworker]

[quote=cooprider]Just wait another year or two guys. This won’t turn housing around, we know that. But look at the trend: 2008 – $7500 loan, 2009 – $15,000 tax credit, what’s next?
I’m holding out until 2011 for a $60,000 direct account transfer after the 2010 $30,000 Gov’t subsidized down payment fails to turn housing around too.
[/quote]

Good luck! Just FYI, $15000 tax credit seems to be taken out already:

“Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these officials said.”

http://finance.yahoo.com/news/Stimulus-pared-to-789-billion-apf-14325858.html

[KIBU]

Lucky I didn’t buy the car last week. I almost purchased a car.

Now they may allow me to deduct my car sale tax…that’s great help!!!

[KIBU]

Lucky I didn’t buy the car last week. I almost purchased a car.

Now they may allow me to deduct my car sale tax…that’s great help!!!

[KIBU]

Lucky I didn’t buy the car last week. I almost purchased a car.

Now they may allow me to deduct my car sale tax…that’s great help!!!

[KIBU]

Lucky I didn’t buy the car last week. I almost purchased a car.

Now they may allow me to deduct my car sale tax…that’s great help!!!

[Author]

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