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Old 07-04-2009, 12:49 AM
 
Location: Yes
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Anyone think this has a chance of happening? I know no one knows, but what would you say? Yes? No? Yes, but not nearly 8k? Just wanted to discuss this, as moving circumstances have changed and the wife and I will not be buying till summer of 2010 ... instead of this summer. My uncle says that first-time home buyer credits are not uncommon over the years, and that he and his wife received 3k or 4k back in the 90's when buying. Is he full of hot air, or is this true? I wouldn't know either way. I have never been aware of any tax credit programs until this recession, but then again, this is the first year I have really kept up with this stuff.
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Old 07-05-2009, 08:42 PM
 
21,369 posts, read 10,650,908 times
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Originally Posted by oscottscotto View Post
Anyone think this has a chance of happening? I know no one knows, but what would you say? Yes? No? Yes, but not nearly 8k? Just wanted to discuss this, as moving circumstances have changed and the wife and I will not be buying till summer of 2010 ... instead of this summer. My uncle says that first-time home buyer credits are not uncommon over the years, and that he and his wife received 3k or 4k back in the 90's when buying. Is he full of hot air, or is this true? I wouldn't know either way. I have never been aware of any tax credit programs until this recession, but then again, this is the first year I have really kept up with this stuff.
The 8k is for the purchasing of a home for 2009 only. Last year it was 7.5 k but it had to be repaid back. I have no idea what 2010 will bring for first time homebuyers.
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