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sdrentsParticipant
I wrote my congressman and the senators as well. I doubt anything will sink in to avoid the huge tax burden. The market needs some stability.
I pushed hard, however, for real first-time home buyer incentives that are not income based. My point was that many Americans were financially responsible during the bubble years and the government should give incentives to get these financially solvent people off the sideline and into a home. If they are going to do everything to help people stay in their homes, at least according to Pelosi, they should add some terms that give larger tax breaks, interest rate deductions, etc. for those who can actually afford the home!
Good luck. This week should be interesting.
sdrentsParticipantI wrote my congressman and the senators as well. I doubt anything will sink in to avoid the huge tax burden. The market needs some stability.
I pushed hard, however, for real first-time home buyer incentives that are not income based. My point was that many Americans were financially responsible during the bubble years and the government should give incentives to get these financially solvent people off the sideline and into a home. If they are going to do everything to help people stay in their homes, at least according to Pelosi, they should add some terms that give larger tax breaks, interest rate deductions, etc. for those who can actually afford the home!
Good luck. This week should be interesting.
sdrentsParticipantI wrote my congressman and the senators as well. I doubt anything will sink in to avoid the huge tax burden. The market needs some stability.
I pushed hard, however, for real first-time home buyer incentives that are not income based. My point was that many Americans were financially responsible during the bubble years and the government should give incentives to get these financially solvent people off the sideline and into a home. If they are going to do everything to help people stay in their homes, at least according to Pelosi, they should add some terms that give larger tax breaks, interest rate deductions, etc. for those who can actually afford the home!
Good luck. This week should be interesting.
sdrentsParticipantI wrote my congressman and the senators as well. I doubt anything will sink in to avoid the huge tax burden. The market needs some stability.
I pushed hard, however, for real first-time home buyer incentives that are not income based. My point was that many Americans were financially responsible during the bubble years and the government should give incentives to get these financially solvent people off the sideline and into a home. If they are going to do everything to help people stay in their homes, at least according to Pelosi, they should add some terms that give larger tax breaks, interest rate deductions, etc. for those who can actually afford the home!
Good luck. This week should be interesting.
sdrentsParticipantThat is my concern – that the lower priced detached homes may not move much lower. Although I anticipate more homes will drop into that range, with interest rates on the move up, I run the risk of buying at a similar price but at a higher payment. Any other thoughts on homes in the lower price echelon? Maybe other family neighborhoods where I may have more protection against further price declines? A consensus on less price movement in homes priced in the low 400’s?
sdrentsParticipantThat is my concern – that the lower priced detached homes may not move much lower. Although I anticipate more homes will drop into that range, with interest rates on the move up, I run the risk of buying at a similar price but at a higher payment. Any other thoughts on homes in the lower price echelon? Maybe other family neighborhoods where I may have more protection against further price declines? A consensus on less price movement in homes priced in the low 400’s?
sdrentsParticipantThat is my concern – that the lower priced detached homes may not move much lower. Although I anticipate more homes will drop into that range, with interest rates on the move up, I run the risk of buying at a similar price but at a higher payment. Any other thoughts on homes in the lower price echelon? Maybe other family neighborhoods where I may have more protection against further price declines? A consensus on less price movement in homes priced in the low 400’s?
sdrentsParticipantThat is my concern – that the lower priced detached homes may not move much lower. Although I anticipate more homes will drop into that range, with interest rates on the move up, I run the risk of buying at a similar price but at a higher payment. Any other thoughts on homes in the lower price echelon? Maybe other family neighborhoods where I may have more protection against further price declines? A consensus on less price movement in homes priced in the low 400’s?
sdrentsParticipantThat is my concern – that the lower priced detached homes may not move much lower. Although I anticipate more homes will drop into that range, with interest rates on the move up, I run the risk of buying at a similar price but at a higher payment. Any other thoughts on homes in the lower price echelon? Maybe other family neighborhoods where I may have more protection against further price declines? A consensus on less price movement in homes priced in the low 400’s?
sdrentsParticipantThanks for the input! Income is in low six figures with no debt other than 50K in student loans – locked at 3.5%. Low 400’s is all I am willing to spend. I agree with most of your thoughts about further drop in the Chula Vista detached market. My hope is the bank will see the light on a solid short-sale offer with its knowledge that the longer the home sits, the more it has to lose.
sdrentsParticipantThanks for the input! Income is in low six figures with no debt other than 50K in student loans – locked at 3.5%. Low 400’s is all I am willing to spend. I agree with most of your thoughts about further drop in the Chula Vista detached market. My hope is the bank will see the light on a solid short-sale offer with its knowledge that the longer the home sits, the more it has to lose.
sdrentsParticipantThanks for the input! Income is in low six figures with no debt other than 50K in student loans – locked at 3.5%. Low 400’s is all I am willing to spend. I agree with most of your thoughts about further drop in the Chula Vista detached market. My hope is the bank will see the light on a solid short-sale offer with its knowledge that the longer the home sits, the more it has to lose.
sdrentsParticipantThanks for the input! Income is in low six figures with no debt other than 50K in student loans – locked at 3.5%. Low 400’s is all I am willing to spend. I agree with most of your thoughts about further drop in the Chula Vista detached market. My hope is the bank will see the light on a solid short-sale offer with its knowledge that the longer the home sits, the more it has to lose.
sdrentsParticipantThanks for the input! Income is in low six figures with no debt other than 50K in student loans – locked at 3.5%. Low 400’s is all I am willing to spend. I agree with most of your thoughts about further drop in the Chula Vista detached market. My hope is the bank will see the light on a solid short-sale offer with its knowledge that the longer the home sits, the more it has to lose.
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