Real Estate Blog - The Welfare Mentality of the First Time Homebuyer's Tax Credit

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The Welfare Mentality of the First Time Homebuyer's Tax Credit

a family wanting to buy a home

The average family wants to buy a home, but at what costs? At what cost to us, the American Tax Payer. The First Time Home Buyers Tax Credit is about to expire in 2 1/2 months, but now there are many urging for it to be extended. Have we looked at all of the facts?

I am sending you all to a blog that I published at 2 am this morning, and wanted to direct you to it, because I felt that it could have been missed here on Active Rain. Please click on the blue link below.

The Welfare Mentality of the First Time Homebuyers Tax Credit - I truly think that we need to study this closer, the pros and cons, before it's extended. But you see, the gov't doesn't usually work that way and this scares me greatly. Please read this. I also included several other posts about this topic as well. You will be busy reading for days.

PS… I have disabled comments on this blog, so they all can be left on the blog mentioned above. I want to keep the conversation in one spot. thanks

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For more information about the 2009 Tax Credit for First Time Homebuyers : 2009 Tax Credit

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags !!!!

Posted by Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages - USDA loans on 09/17/2009 07:43 AM

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1 Comments on The Welfare Mentality of the First Time Homebuyer's Tax Credit

SEP

Just a FYI – Homebuyers and realtors – I still would help any and all borrowers in using this Tax Credit, in which case I have in the last 2 years. But I wanted to point out some issues and concerns that I have and that many others share.

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