Comments on: The Scoop on the $15,000 Tax Credit for Home Buyers http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/ Central Connecticut Real estate news, advice and opinion combined with pet friendly resources and help for homeless pets by REMAX agent Jessica Beganski. Tue, 7 Sep 2010 00:30:40 +0000 http://wordpress.org/?v=2.3 By: Nevermind - The $15,000 Credit Is Out http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/#comment-1356 Nevermind - The $15,000 Credit Is Out Wed, 11 Feb 2009 21:04:13 +0000 http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/#comment-1356 [...] And after all that work on my last post, The Scoop on the $15,000 Tax Credit for Home Buyers. [...] […] And after all that work on my last post, The Scoop on the $15,000 Tax Credit for Home Buyers. […]

]]> By: Jessica http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/#comment-1354 Jessica Wed, 11 Feb 2009 18:55:46 +0000 http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/#comment-1354 Facts in Congress? I don't know how many people will be motivated to buy using the $15,000 credit...people who weren't thinking of buying already and have decent credit. I think this might just be more of giving money to people for doing something they were going to do anyway. Personally, I think there should be more incentives for people to buy investment property. To buy investment property these days you need 20% down...and investors take huge amounts of risk in becoming landlords. Facts in Congress?

I don’t know how many people will be motivated to buy using the $15,000 credit…people who weren’t thinking of buying already and have decent credit. I think this might just be more of giving money to people for doing something they were going to do anyway.

Personally, I think there should be more incentives for people to buy investment property. To buy investment property these days you need 20% down…and investors take huge amounts of risk in becoming landlords.

]]> By: Eric http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/#comment-1350 Eric Wed, 11 Feb 2009 03:59:28 +0000 http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/#comment-1350 Neither house nor senate provision has much to do with creating 4 million jobs -- and that should be the sole criterion for writing your representative. Stimulating fees and commissions related to potential increased RE transactions doesn't cut it. Like all of the other Republican/Centrist tax cut crap in the two bills, there is no evidence that $1 of tax cuts provides anywhere near the stimulus as $1 of spending. But fact based decision making is not a Congressional specialty. I say all this as someone destined to get either the 7500 or 15000 later this year. I am not writing nor supporting either option. Neither house nor senate provision has much to do with creating 4 million jobs — and that should be the sole criterion for writing your representative. Stimulating fees and commissions related to potential increased RE transactions doesn’t cut it. Like all of the other Republican/Centrist tax cut crap in the two bills, there is no evidence that $1 of tax cuts provides anywhere near the stimulus as $1 of spending. But fact based decision making is not a Congressional specialty. I say all this as someone destined to get either the 7500 or 15000 later this year. I am not writing nor supporting either option.

]]> By: Jessica http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/#comment-1347 Jessica Tue, 10 Feb 2009 19:39:48 +0000 http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/#comment-1347 It'll be interesting how the two bills will be reconciled. It’ll be interesting how the two bills will be reconciled.

]]> By: Chris http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/#comment-1346 Chris Tue, 10 Feb 2009 18:14:15 +0000 http://ctrealestateunleashed.com/2009/02/09/the-scoop-on-the-15000-tax-credit-for-home-buyers/#comment-1346 FOR THOSE WHO BOUGHT IN JANUARY: THE HOUSE PASSED THE BILL FOR A $7500 TAX CREDIT THAT DOESN'T NEED TO BE REPAID AND IS AFFECTIVE FOR PURCHASES OF HOMES AFTER 01/01/09. THE SENATE CHANGED IT TO A $15,000 TAX CREDIT BUT IT IS ONLY AFFECTIVE FOR PEOPLE WHO PURCHASES AFTER IT'S SIGNED. IF THE SENATE PASSES THERE'S TODAY, THEN THERE WILL BE A MEETING BETWEEN MEMBERS OF THE SENATE AND MEMBERS OF THE HOUSE TO WORK OUT THE DIFFERENCES BETWEEN THE 2 BILLS. I BOUGHT IN JANUARY SO I OBVIOUSLY WANT THE $15,000 TAX CREDIT THE SENATE PROPOSED BUT WITH THE START DATE THE HOUSE PROPOSED. YOU NEED TO MAKE YOUR VOICE HEARD AND CONTACT YOUR SENATORS AND HOUSE REPRESENTATIVE. THIS IS AMERICA SO YOUR VOICE IS YOUR POWER. E-MAIL THEM OR CALL THEM. HERE IS A CONVENIENT NUMBER. CALL AND ENTER YOU ZIP CODE AND IT WILL GET YOU IN CONTACT WITH ALL OF YOUR CONGRESSMEN. DECISIONS ARE BEING MADE, DO IT NOW. 1-866-924-NAHB (6242) FOR THOSE WHO BOUGHT IN JANUARY:
THE HOUSE PASSED THE BILL FOR A $7500 TAX CREDIT THAT DOESN’T NEED TO BE REPAID AND IS AFFECTIVE FOR PURCHASES OF HOMES AFTER 01/01/09.
THE SENATE CHANGED IT TO A $15,000 TAX CREDIT BUT IT IS ONLY AFFECTIVE FOR PEOPLE WHO PURCHASES AFTER IT’S SIGNED.
IF THE SENATE PASSES THERE’S TODAY, THEN THERE WILL BE A MEETING BETWEEN MEMBERS OF THE SENATE AND MEMBERS OF THE HOUSE TO WORK OUT THE DIFFERENCES BETWEEN THE 2 BILLS.
I BOUGHT IN JANUARY SO I OBVIOUSLY WANT THE $15,000 TAX CREDIT THE SENATE PROPOSED BUT WITH THE START DATE THE HOUSE PROPOSED.
YOU NEED TO MAKE YOUR VOICE HEARD AND CONTACT YOUR SENATORS AND HOUSE REPRESENTATIVE. THIS IS AMERICA SO YOUR VOICE IS YOUR POWER. E-MAIL THEM OR CALL THEM. HERE IS A CONVENIENT NUMBER. CALL AND ENTER YOU ZIP CODE AND IT WILL GET YOU IN CONTACT WITH ALL OF YOUR CONGRESSMEN. DECISIONS ARE BEING MADE, DO IT NOW. 1-866-924-NAHB (6242)

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