Home buying tax credit extended

arbolita · November 2009

I checked briefly and didn't see this had been brought up yet - apparently they extended the credit through April 2010 and new home buyers still get the $8000, but now if you have lived in your home at least 5 years you can get a $6500 credit on a new home.Thank goodness because our lease is up in March, and now that current home owners can get a credit as well they might be more willing to sell their homes - which will give me more options to choose from.

vallyhoo · November 2009

When I heard this I did a little jig. Very good news.

kkchisholm · November 2009

Maybe they will extend it again til Dec 2010... for me.

salt78 · November 2009

I am SO happy about this. FI and I were just discussing it last night. If all goes according to plan, my father is going to let us develop on a small portion of his land, so we are going to put a house there next year.

scoetto · November 2009

So it was passed? Awesome! This gives us hope!

arbolita · November 2009

Yep, they voted yesterday and it was almost unanimous.

sucrets4 · November 2009

That's great!I heard a report on NPR a few weeks ago that said that they have practically no rules to enforce this, so many people are applying for it even if they don't technically qualify.It amazes me that they would come up with this and not regulate it!!

scoetto · November 2009

Hell yeah!Salt, where is the land you'd be building on?

salt78 · November 2009

[i]Salt, where is the land you'd be building on? [/i] Lutherville, MD. Not far from where we are now. But it's a REALLY good area and if he gives us the ok we are going to put a modular home on it (FI has been obsessively looking at all the options for a rancher the past couple days). We would NEVER be able to afford something in that area so it's pretty exciting to think that it might be a possibility.

arbolita · November 2009

Salt, that's exactly where I want to live - really anywhere along that stretch of York road between Hunt Valley and Towson.

salt78 · November 2009

PS. My dad has a crap ton of land and he rents a huge portion of it to a farmer right now. The guy just uses it to like grow hay or something. So we figure we can pay him for just a portion of that and farmer can keep doing what he's doing with the rest of it. He seems really open to the idea so we have all our fingers and toes crossed that it will work out.

scoetto · November 2009

Nice! That is a nice area

I'm jealous.

salt78 · November 2009

[i]Salt, that's exactly where I want to live - really anywhere along that stretch of York road between Hunt Valley and Towson.[/i] I love it up here. Since we decided to not move to SC, I want to try to stay in this area. Easy Fuji San access and all that.

arbolita · November 2009

Easy Fuji San access and all that. :)Exactly! If I move up there then we can have weekly date nights.

LesPaul · November 2009

I hope the extension goes through. I'm trying to sell my house, and this might be enough of a perk to help the sale.

salt78 · November 2009

[i]Exactly! If I move up there then we can have weekly date nights. [/i] This would be the most wonderful thing ever!

katiewhompus · November 2009

This would make my freaking Christmas. Even if we get this house we would miss the November 30th deadline by about 5 days. Yay!!!8000 bucks would take of almost all of our debt, plus get us some needed appliances.

Home buying tax credit extended

Re: Home buying tax credit extended

Choose Another Board

Search Boards