Replies

1. 
   Garry | Nov 10, 2009 10:18pm | #1

   Thanks, I have past this along to my kids.

   http://www.superwoodworks.com

2. 
   frammer52 | Nov 11, 2009 01:20am | #2

   Better still, the tax credit is refundable, which means the homebuyer can receive a check for the credit if he or she has little or no income tax liability. For example, if a first-time homebuyer is eligible for a tax credit of $8,000 but is liable for $4,000 in income tax, she can still receive a check for the remaining $4,000!>>>>>>>>>>>>>>>>>

    

   Is that correct?  I hadn't realized that one.

3. 
   migraine | Nov 11, 2009 11:06am | #3

   So now he is going after the people who are still holding their homes for the last five years.  If he's doing this why not prorate it to $5400 for 4 years; $4300 for 3 years; $3200 for two years; amd maybe $2100 for i year?  Doesn't it help people like us, the 3 1/2 year homeowner?

1. 
   CosmicCow | Nov 14, 2009 12:51am | #4

   People like you need to contribute more to the re-election campaigns of those who write these laws . . .  so your "interests" can be appropriately represented in additional tax breaks -- com'on Skippy, play the game! 

    

    

   Pain is temporary. It may last a minute, or an hour, or a day, or a year, but eventually it will subside and something else will take its place. If I quit, however, it lasts forever." -Lance Armstrong

4. 
   ChicagoMike | Nov 14, 2009 01:49am | #5

   So, I have lived in my old home for 9 yrs, this was my first. My second home, I purchased in Dec of 08 and live in presently. I still own the old home as well.

   Do I get anything?

    

   "It is what it is."

1. 
   migraine | Nov 14, 2009 02:42am | #6

   my understanding is that the $6500 tax credit is for people who have owned their home for the last 5 years and are now buying(second time homeowners)

   if , not, then my parents who have owned their house for 38 years would qualify