Doesn't this invite more foreclosures by loaning money to people who might not be able to afford the mortgage.
bluenake Now she doesn't have to pay it back if she files the proper form.
Anonymous
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No, it is retarded. No one helped my wife and I buying our first house, why the hell should I pay for someone else to get one?
It does invite more forclosures in the future, just need to loan money to those capable of paying it back.
Red-eye Coyote
It would be if "first time" home buyers had the kind of credit to make that a valuable resource or made it easier for them to get the loan they would need in the first place. Either way they'll be paying crazy interest on their new home.
Anonymous
I think that it would be a good idea, IF they had not bailed out the banks, i was under the impression that it was for people who had already purchased their homes within the last year, not someone looking to purchase their home. I know someone who got it and she bought her house in August AND she has to pay it back through her income tax returns for the next few years. But i really don't like the idea.
Anonymous
I agree. That tax credit would have been better served had it been a deferred credit over time, in which the first time home buyer, providing proof, could get up to $8,000 in future tax credits, for direct improvements to the home that they bought. I.E. In 2010 maybe you bought a new furnace, so you get a $1500 line entry credit with your bill of sale. In 2001 you had roof work to the tune of $4000, ditto the tax credit. I think these "handouts" more or less are ridiculous.
Anonymous
Tithing with fidelity and self-discipline isn't any doubt a God glorifying prepare yet you do not want to fall in some style of neo-Judaic legalism ; the main needed regulation of a Christian is Love ; you may in specific circumstances choose for to deprive your self of the internal maximum satisfaction you may derive from cheerfully giving to the Lord as a fashion to stay thoughtful on your own desires and those of your loved ones ; purely you could pray and discern what's the right factor which you will do ; yet uncertain choose for love over self-righteousness.