Comments on: $15,000 Home Buyer Tax Credit? http://www.moneyunder30.com/15000-home-buyer-tax-credit Simple, Honest Financial Advice Thu, 09 Feb 2012 22:53:06 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Kristen http://www.moneyunder30.com/15000-home-buyer-tax-credit/comment-page-1#comment-3169 Kristen Sun, 04 Oct 2009 03:27:01 +0000 http://www.moneyunder30.com/?p=2787#comment-3169 My husband and I bought a house in 2006 six months after Katrina in an area that was not flooded. We unfortunately paid a lot for our house, but had no choice as the apartments in the area were going up as well. Because of when we bought it we never got any first home buyer incentives. My husband and I have been relocated with his job to another state. Our house in Louisiana is still on the market and we are in an apartment right now. We are ready to get a house and start a family, but can't sell our other house. I wish we could get some kind of house tax credit. Now because of the market we are going to have to just rent our house in Louisiana until the market goes back up. This is all so frustrating! My husband and I bought a house in 2006 six months after Katrina in an area that was not flooded. We unfortunately paid a lot for our house, but had no choice as the apartments in the area were going up as well. Because of when we bought it we never got any first home buyer incentives. My husband and I have been relocated with his job to another state. Our house in Louisiana is still on the market and we are in an apartment right now. We are ready to get a house and start a family, but can’t sell our other house. I wish we could get some kind of house tax credit. Now because of the market we are going to have to just rent our house in Louisiana until the market goes back up. This is all so frustrating!

]]> By: Miranda http://www.moneyunder30.com/15000-home-buyer-tax-credit/comment-page-1#comment-2969 Miranda Wed, 23 Sep 2009 19:43:45 +0000 http://www.moneyunder30.com/?p=2787#comment-2969 $15,000?! I don't think they should seriously consider raising it from $8,000. The program is working well as is and should be extended out. Say we raise it to $15,000, then what? This isn't addressing the root of the problem and if we open it to everyone, we will just go deeper in the debt as a nation. I personally bought a home in 2008 and will have to repay the $7,500 tax credit/loan. I'm just fine with that, it was a great deal. It helped me personally recoup some expenses from the purchase and helped me pay back all my credit card debt off. The government will eventually get that tax credit/loan back which they can use to fund government programs/services. $15,000?! I don’t think they should seriously consider raising it from $8,000. The program is working well as is and should be extended out. Say we raise it to $15,000, then what? This isn’t addressing the root of the problem and if we open it to everyone, we will just go deeper in the debt as a nation. I personally bought a home in 2008 and will have to repay the $7,500 tax credit/loan. I’m just fine with that, it was a great deal. It helped me personally recoup some expenses from the purchase and helped me pay back all my credit card debt off. The government will eventually get that tax credit/loan back which they can use to fund government programs/services.

]]> By: Mike http://www.moneyunder30.com/15000-home-buyer-tax-credit/comment-page-1#comment-2962 Mike Wed, 23 Sep 2009 02:07:16 +0000 http://www.moneyunder30.com/?p=2787#comment-2962 Sure. Just don't let Nevada, California, or Florida in on the action. They are the states with the most responsibility for the home price depreciation. Sure. Just don’t let Nevada, California, or Florida in on the action. They are the states with the most responsibility for the home price depreciation.

]]> By: Melissa http://www.moneyunder30.com/15000-home-buyer-tax-credit/comment-page-1#comment-2949 Melissa Mon, 21 Sep 2009 19:00:41 +0000 http://www.moneyunder30.com/?p=2787#comment-2949 I have mixed feelings about the credit. My husband and I have been trying to buy a house since May of this year. We were encouraged in part by the tax credit to begin the house hunting process. We've put in nine offers and none of them have been accepted. Every house has had multiple bidders sometimes as many as 30. I want the tax credit but at the same time it has made it nearly impossible to buy a house. We've outgrown our home and need to move to a larger one but we're stuck in part due to the stimulus of the tax credit. If it meant that I could find a house tomorrow and have an offer accepted, I would say do away with it. I have mixed feelings about the credit. My husband and I have been trying to buy a house since May of this year. We were encouraged in part by the tax credit to begin the house hunting process. We’ve put in nine offers and none of them have been accepted. Every house has had multiple bidders sometimes as many as 30. I want the tax credit but at the same time it has made it nearly impossible to buy a house. We’ve outgrown our home and need to move to a larger one but we’re stuck in part due to the stimulus of the tax credit. If it meant that I could find a house tomorrow and have an offer accepted, I would say do away with it.

]]> By: JEB http://www.moneyunder30.com/15000-home-buyer-tax-credit/comment-page-1#comment-2948 JEB Mon, 21 Sep 2009 18:40:35 +0000 http://www.moneyunder30.com/?p=2787#comment-2948 If we extend the $8,000 or start a $15,000 credit, maybe they could change the $7,500 credit to make it so I do not have to pay it back. ...please? Seems like a drop in the bucket now. If we extend the $8,000 or start a $15,000 credit, maybe they could change the $7,500 credit to make it so I do not have to pay it back.

…please?

Seems like a drop in the bucket now.

]]> By: Jason http://www.moneyunder30.com/15000-home-buyer-tax-credit/comment-page-1#comment-2945 Jason Mon, 21 Sep 2009 16:22:09 +0000 http://www.moneyunder30.com/?p=2787#comment-2945 Extending this much longer will lead to price inflation in the same way that lax loan standards lead to price inflation. Extending this much longer will lead to price inflation in the same way that lax loan standards lead to price inflation.

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