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First Time Home Buyers Tax Credit - 08/19/08 10:06 PM
By now, you might have heard about the tax credit offered to first time home buyers. The government is offering a $7500 (or 10% the value of the home, which ever is less) tax credit to first time home buyers that purchase a home between April 9, 2008 to June 30, 2009. There are some income restrictions on the tax credit.
Obviously, this can be a significant tax incentive for a first time home buyer but I do have some mix emotions about this incentive. According the house bill, 2 years after a person claims this tax credit they have … (2 comments)
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The social aspect of owning your own home. - 08/06/08 02:49 PM
There are a number of benefits of owning your own home and not all of them are tax breaks and building of equity.
Homeowners also enjoy many social benefits. They tend to be more active in their community due to the greater financial stake they have in their neighborhoods. Because home owners are more involved, they tend to form relationships with other home owners as well as business owners.
With homeownership also comes stability, according to the US Census from 2005 to 2006 only 7.1% of homeowners moved. This is way less than the 30.2% of renters that … (0 comments)
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George McGowan
Lebanon,
OH
More about me…
Sibcy Cline Realtors
Address: 103 Oregonia Rd., Lebanon, Oh, 45036
Office Phone: (513) 932-6334 x 369
Cell Phone: (513) 315-9618
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