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Old 11-04-2009, 08:07 PM
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Default Senate approves, expands first time homebuyer tax credit!

Senate votes to renew tax credit for first-time home buyers - washingtonpost.com
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Old 11-04-2009, 09:03 PM
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bababua will become famous soon enoughbababua will become famous soon enoughbababua will become famous soon enough

According to Moorestown we hit bottom like a year ago. Don't see why we need all this govt. intervention if all if fine and dandy?
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Old 11-05-2009, 07:35 AM
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At least they didn't increase it to $15,000 as rumored before.....
We are closing tomorrow on our 1st new home, and I would be pissed if we missed out on an extra $7000 by just a few weeks.
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Old 11-05-2009, 07:44 AM
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Sweet! I'm about to go under contract on a home with closing on December 18th... I didn't qualify as a new home buyer or even under the income restrictions of the previous one but we have owned our current home for a little over 5 years and were within the salary guidelines on this one! $6,500 we weren't expecting!!!!!!!
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Old 11-05-2009, 08:31 AM
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Welcome to USSA.
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Old 11-05-2009, 08:35 AM
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Right, Delphi? And someone explain why I am so privileged as to be allowed to pay more taxes but never get included in any of these 'incentives'?
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Old 11-05-2009, 09:23 AM
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Delphi will become famous soon enoughDelphi will become famous soon enough
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Originally Posted by stan4 View Post
Right, Delphi? And someone explain why I am so privileged as to be allowed to pay more taxes but never get included in any of these 'incentives'?
You are entitled to pay more taxes so that Govt can spend your money on someone who can't afford the stuff he/she wants (but not need).

Now the toxic garbage is shifting from private balance sheet to govt balance sheet. The tiring thing is Govt is encouraging the garbage to build.

We are sold as a nation.
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Old 11-05-2009, 10:40 AM
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joe moving has a spectacular aura aboutjoe moving has a spectacular aura aboutjoe moving has a spectacular aura aboutjoe moving has a spectacular aura about
I could use 8000 bucks right about now. We bought our house right before this thing went into play and our house has only dropped in value.

O well.
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Old 11-05-2009, 10:44 AM
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I wonder if that means attorneys will stretch closings now. We are scheduled to close on the 16th - our buyer wanted a fast closing and now, all of a sudden, has all kinds of issues. We need to get out of here as we are relocating. Good deal for people benefiting from the extension. Not such good news for the sellers.
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Old 11-05-2009, 11:47 AM
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elflord1973 is a jewel in the roughelflord1973 is a jewel in the roughelflord1973 is a jewel in the roughelflord1973 is a jewel in the roughelflord1973 is a jewel in the roughelflord1973 is a jewel in the roughelflord1973 is a jewel in the rough
They never met a ponzi scheme they didn't like.

Suits me fine since I'm set to close in December. As a policy proposal however, it's right up there in the "bad policy hall of fame" with cash for clunkers.
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