buy in new jersey: Update on Tax Credit to Home Buyers - 02/13/09 08:49 AM
The current version of the stimulas package passed by Congress eleiminated the proposed $15,000 tax credit for home buyers. Instead, the tax credit which is now offered is $8000 and is extended to the end of 2009. In my opinion, this may be a better alternative to many people. The $15,000 would have been taken over a 2 year period. This means that the home buyer would have to owe taxes of $7500 each year taken. Increasing the amount to $8000 is actually more for the first year. This is a generous number and should help many first time home buyers
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buy in new jersey: Real Estate as An Investment - 11/13/08 12:02 PM
Yes, NOW is a great time to invest in real estate. Prices are lower than they have been. Interest rates are historically low. Money is still available to qualified buyers. You will need an experienced real estate agent to guide you through the process. You can invest in commercial real estate. But investing in real estate by purchasing your first home is highly recommended. New Jersey has many programs for home buyers. There are significant tax advantages to owning over renting. Yes, you have more responsibility but there are tangible benefits tied to those responsibilities. If you have been thinking about
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