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Just saw it on the news, then found this article (http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/03/22/state/n181320D40.DTL&tsp=1 - broken link) online. Is this true?
Interesting. I can't help but wonder where California intends to get this money that they will be using for the tax credit. Aren't they all but bankrupt?
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[LEFT]The credit will apply to first-time buyers who purchase new or existing homes between May 1 and Dec. 31 of this year. It is for 5 percent of the purchase price, or up to $10,000."
what about the FTHB who bought their house from jan-april 30, 2010?
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Interesting. I can't help but wonder where California intends to get this money that they will be using for the tax credit. Aren't they all but bankrupt?
And your point is?????? Since when has that stopped government?
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[LEFT]The credit will apply to first-time buyers who purchase new or existing homes between May 1 and Dec. 31 of this year. It is for 5 percent of the purchase price, or up to $10,000."
what about the FTHB who bought their house from jan-april 30, 2010?
[/LEFT]
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[LEFT]The credit will apply to first-time buyers who purchase new or existing homes between May 1 and Dec. 31 of this year. It is for 5 percent of the purchase price, or up to $10,000."
what about the FTHB who bought their house from jan-april 30, 2010?
[/LEFT]
I thought the original tax credit was for the same $10,000, and expired on the first of March.
Remember, this is a California tax credit, not the federal one.
Question; if you were buying a qualifying house in California in the early part of this year, did you get BOTH the Federal tax credit AND the CA tax credit, for a potential total credit of $18,000?
I thought the original tax credit was for the same $10,000, and expired on the first of March.
Remember, this is a California tax credit, not the federal one.
Question; if you were buying a qualifying house in California in the early part of this year, did you get BOTH the Federal tax credit AND the CA tax credit, for a potential total credit of $18,000?
Yes they would get $18k but I think the earlier credit was for buyers who bought a brand new house only. This time, it will be FTHB buying new or old home.
Yes they would get $18k but I think the earlier credit was for buyers who bought a brand new house only. This time, it will be FTHB buying new or old home.
That was my understanding too. It was only for new construction before. This extension would essentially replace the federal one since it would pull in existing sales.
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