Comments on: Bigger, Better Home Buyer Tax Credit Taking Shape

By: Claire Fonacier

Claire Fonacier — Sat, 12 Nov 2011 00:55:54 +0000

Hi! I strongly agree with Sir Robert Worthington! The government should work on finding a way...I mean a sincerely and true-blue real way to spur the economy that will be working perpetually and not only a short-time remedy that will only boost it up for a while but later in the coming days will just fade and wilt! Ann Arbor homes for sale

By: David Hood

David Hood — Fri, 18 Feb 2011 18:28:13 +0000

It would be nice if they did another round of tax credits, to clear up some of the the foreclosure in the pipe. It’s a painful process but one that needs to happen. The banks are working the short sale process a bite quicker in So Ca, the need to clear the inventory and get the market back to a free market and not one governed by the banks is still a way down the road.

By: Elizabeth Hunter

Elizabeth Hunter — Mon, 05 Oct 2009 00:33:55 +0000

I definitely believe that if the tax credit increased from $8000.00 to $15,000.00, and it was not just for first time buyers, more people would take advantage. Also, maybe some people who have severed financially, can somehow buy a home, and this would not only help to improve the economy, but restore people’s faith that our country’s financial setback is on the road to recovery.

By: Ken Jansen

Ken Jansen — Sat, 12 Sep 2009 01:46:45 +0000

I hope there is a $15,000 tax credit. Yes, I believe it artificially inflates the demand for housing, but housing puts a LOT of people to work. I would rather line the pockets of local plumbers, roofers, lumber salesman, window companies, tile companies, cabinet makers, carpet installers, drywallers, floor sanders, excavators, landscapers, my local sod farm, painters, clean up companies, foreman, and builders who live within 5 miles of me and support local business than just about anyone else.

By: Barry

Barry — Thu, 10 Sep 2009 04:51:24 +0000

Won’t this just artificially prop up the housing market, taking it longer to …. I missed the 1st time home buyer tax credit in March 2009 by 5 months. … I think 4% interest rate is a bigger benefit than the tax credit of $8K … Condo Associations are in such sad shape that they can’t qualify for an FHA loan,

By: Chase M

Chase M — Thu, 10 Sep 2009 02:38:05 +0000

I can’t believe no one has said the obvious. The mass inflation that will take place in the housing market further perpetuating the problem, people buying homes that are worth less then their paying for them

By: Mike Pannell

Mike Pannell — Fri, 14 Aug 2009 12:51:15 +0000

I am just wondering will the extent the credit? Time is running out now and we need something to continue to make the market better.

I have read where we have only used 1/3 of the money. I hope they let us have the rest.

By: Greg Dallaire

Greg Dallaire — Thu, 30 Jul 2009 02:25:35 +0000

This has spurred some interesting conversation. I have to agree mostly with Robert said. Sadly we’re using our own money to create a surge in the real estate market.

It is working and would have been working even more if they would have enabled anyone that purchases a home that credit. NAR and local associations we’re lobbying for the 15k tax credit from the very beginning they turned it down and instead bailed out companies that people in government had direct relations with.

Great way to spend our tax dollars I wonder if there’s even more money to do another tax credit.

By: Robert Worthington

Robert Worthington — Mon, 20 Jul 2009 15:56:09 +0000

If the government really wants to spur the housing market. They need to drop the corporate income tax to 10% for the the next 100 years, which would draw companies left and right the the United States. Then we would see a decreasing supply and an increase in demand. Our governing body needs to be real about spurring the economy and not just give it an energy drink that wears out quickly.

By: Josh Ferris

Josh Ferris — Fri, 17 Jul 2009 03:58:50 +0000

We haven’t seen an immediate benefit to the $8,000 tax credit yet because homeowners won’t be receiving them until Spring 2010. Even so, I can appreciate Robert’s point of view that this is all costing us in the long run.

That said, I can’t even begin to count how many people I know of who have been buying homes this year specifically because of the $8,000 tax credit so I would be hard pressed to say it didn’t spur market activity.

If the U.S. government is going to invest our taxes into something I am glad that they at least chose to give it back to the taxpayers who could use it as discretionary income to enhance their first home and improve the economy at the same time.