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Wonder where I should post this. I just figured someone in local real estate might know. I read that the $8,000 credit for new home buyers is being extended through 2010. Maybe this is just a rumor and I can't find any reliable source online. I also read it will have less restrictions.
Wonder where I should post this. I just figured someone in local real estate might know. I read that the $8,000 credit for new home buyers is being extended through 2010. Maybe this is just a rumor and I can't find any reliable source online. I also read it will have less restrictions.
I haven't read about it, yet, but it still could be possible. I got the $7,500 that has to be paid back.
This needs to be put in the real estate forum. I wonder if our mods can put it there?
Sorry. Maybe we can use it to talk about the economy in Fort Myers!
I also just found a few articles on this subject. New bills have been proposed but nothing has been passed yet. This will help people in Fort Myers, Cape Coral, Naples and other areas where there is a big inventory of properties for sale.
Sorry. Maybe we can use it to talk about the economy in Fort Myers!
I also just found a few articles on this subject. New bills have been proposed but nothing has been passed yet. This will help people in Fort Myers, Cape Coral, Naples and other areas where there is a big inventory of properties for sale.
I agree. I wish I didn't have to pay mine back, but so what. We could really use the extension. The credit helps us all, in the long run.
They haven't decided yet on the extension. They are talking about uping it to maybe 15,000 and letting investors in on it also to clear the rest of the foreclosures out at a much quicker rate. I hope they do both. I have been waiting to see before I buy anything.Steve
They haven't decided yet on the extension. They are talking about uping it to maybe 15,000 and letting investors in on it also to clear the rest of the foreclosures out at a much quicker rate. I hope they do both. I have been waiting to see before I buy anything.Steve
Thanks, Steve. Same here. I realize Congress takes a breaks in August, but it would be nice to know so I can sign a 6 month lease. I passed up a great 6 month rental last month because I was planning to buy a home by Nov. I should have taken it and moved out early. Even if I lost a month's rent, it would be cheaper (and less stressful) than renting month to month like I'm doing now.
They haven't decided yet on the extension. They are talking about uping it to maybe 15,000 and letting investors in on it also to clear the rest of the foreclosures out at a much quicker rate. I hope they do both. I have been waiting to see before I buy anything.Steve
It will be a cold day in hell before the current Obama/socialist regime allows the 15K tax credit to investors or wealthier clients to get back into the housing game. That's why Obama put a half heart effort into his 8K tax credit for first time homebuyers (or if you haven't owned a home in 3 years program) PLUS put income restrictions on the program 75K/150K singles/couples.
Either the government allows everyone in the game or allow no one. When government put a 50% effort to fixing the housing problems, they make the housing problems 50% worse.
To me, I think there should be no government intervention at all. Just let the free market solve its own problems. At the end of the day the the stronger/financially secure will survive and the economy will recover.
Look at the tech bubble in 2000-2002. All the weak tech companies went under (IE pets.com people..remember that). Now we had the stock market crash of 2008. You know what, the tech companies that survive the tech bubble crash of 2000-2002 mostly survived their current financial crisis.
So governments need to learn from their mistakes. Their biggest mistake was letting Goldman Sachs be saved and prosper. They were more responsible for the financial crash (yes even more than AIG) because they were one of the first to start the subprime, than they shorting the subprimes, than they started shorting their competitor Lehman. Than they were crying for help and crying to their old boss Paulson for a lifeline.. It will come back one day to haunt them. That's why they were opposed to getting the short positions publically shown. The public would have been outraged at the stuff they were pulling off. Goldman Sachs should have killed off (believe me if their stock had tanked to the $60s, everyone was shorting them, they would have gone done under within weeks) We would have smaller more efficient investment banks.
The way Obama is running up debt. Hell might be just around the corner! You are right about Goldman Sachs. But Goldman Sachs got really caught up in the oil control mess in 2008 when oil dropped on them. I longed oil in 2006 and shorted it 2008. I got out of the tech market in 1998 and made a good return. I was always in land and homes. But 2000 to 2005 really took off and I cashed out of most of my high end stuff in mid 2005. I now live a modest life style in Colorado,Lake of the ozarks and Brazil. All paid for by the Goverment sticking there nose in where it does't belong. I bet against them and that history always repeats its self. Which it does because the middle class nevers stands up to the Goverment. They just vote for someone else. The real problem is our Goverment system does't work anymore! The crooks have all gotten to out of control. Our country is heading toward the same problem that Brazil and Russia went through awhile back. Really bad inflation and sky high interest rates. You can't keep carrying all of this debt and not have that happen. The Goverment is in the same place as all of the home owners that couldn't afford the homes they bought on credit in the housing bust. When they find out they can't tax there way out of this mess they have racked up I think you might be in Hell then. Either way I still hope to make more money off someone else sticking there nose in and making more mistakes new Goverment or old really doesn't matter. Because history always repeats itself! Just a thought Steve
Sorry, folks, but this is going way off-topic. I posted in this forum because I am hoping to buy a house soon. Rants about Obama belong in the political forums.
Good luck buying a house and stick to a short term lease. That way you can move on any property you might find sooner than you think would come up on the market. You never no what deals or Goverment offers will pop up to help you in your house buy. Till later Steve
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