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Old 02-04-2009, 06:44 PM
 
50 posts, read 263,518 times
Reputation: 49

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Hey guys,
I am really confused about this news. Is it True ?? if so i will be first person to be happy and spend all that money on day 1 to stimulate the economy

$15,000 for new home buyers - ( $7500 currently )
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Old 02-04-2009, 08:05 PM
 
Location: Atlanta, GA
331 posts, read 622,981 times
Reputation: 104
it is still in the proposal phase...stay tuned....
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Old 02-04-2009, 08:11 PM
 
1,989 posts, read 3,841,658 times
Reputation: 1378
It's 10% of the purchase price or $15k, whichever is less. It can be spread over two years. It's part of the stimulus plan. Both sides approved this proposal unanimously, so it looks like if the stimulus plan gets approved this will get approved.

Too early to be certain if it's a tax credit that you have to pay back or a tax break that you get to keep.
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Old 02-04-2009, 08:19 PM
 
135 posts, read 634,771 times
Reputation: 45
I wish to be tax break ---hehehe
Since I am in Oil and Gas Industries - my will is just to stabilize the economy - just to keep my job - I dont care tax break or tax credit - i am going to spend that money
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Old 02-04-2009, 10:31 PM
 
Location: WA
319 posts, read 1,715,070 times
Reputation: 135
Any news if they will extend it past July? That's what I really want to hear.
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Old 02-04-2009, 10:51 PM
 
264 posts, read 849,059 times
Reputation: 215
I am closing on february 20th. Is this going to be retroactive to the first of the year, or will it be from a certain date forward?
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Old 02-04-2009, 11:04 PM
 
Location: central, between Pepe's Tacos and Roberto's
2,086 posts, read 6,096,673 times
Reputation: 952
Quote:
Originally Posted by tortoisegirl View Post
Any news if they will extend it past July? That's what I really want to hear.
Quote:
Originally Posted by bighusker View Post
I am closing on february 20th. Is this going to be retroactive to the first of the year, or will it be from a certain date forward?
At this point none of these details are known yet. The stimulus still needs to work through the system, which will likely take a couple of weeks. I'm sure that details will be revealed shortly.
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Old 02-05-2009, 05:25 AM
 
741 posts, read 3,206,895 times
Reputation: 395
I just bought a brand new house and closed November 13th. Am I included?
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Old 02-05-2009, 06:39 AM
 
1,340 posts, read 3,231,754 times
Reputation: 447
I think any purchase within 1 year of the bill being passed is included. So assuming the bill passes March 1st. Then 3/1/08 - 3/1/10 are fair game. I THINK but obviously this is a educated guess and not final until it passes and details are more known!
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Old 02-05-2009, 07:26 AM
 
14,806 posts, read 18,801,729 times
Reputation: 11772
Quote:
Originally Posted by NatasNJ View Post
I think any purchase within 1 year of the bill being passed is included. So assuming the bill passes March 1st. Then 3/1/08 - 3/1/10 are fair game. I THINK but obviously this is a educated guess and not final until it passes and details are more known!
F.......ing sweet,
I should be closing in 4 months
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