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$8000 tax credit

Well the Senate has the bill now to vote to extend the tax credit. Lets all hope they do. If they fail to extend this I believe the housing market will come to a crawl. This would be for two reasons. First the consumer confidence would be shot. Consumers would see the government bailing out all the big banks and pulling back from the consumers who need most of the help. Secondly I think that the first time home buyers would stop buying anticipating a renewal of the bill early next year after the winter break. The best that could happen is to expand the tax credit to all home buyers and the least that should happen is to renew what is in place.

Jerry Wright

Mortgage Advisor

Posted by Jerry Wright on 10/27/2009 02:35 PM

Comments (1)

Tax Credit in the ActiveRain Channel

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1 Comments on $8000 tax credit

OCT

All you are is a mortgage Brooker looking to make more money !!!

There is a lot of ignorance here . Does anyone realize how much tax money is being wasted here ?

On top of it does anyone realize, how this is affecting the small landlord. I am a small landlord and have had problems refilling my units because of this. I also have friends that are landlord that are allowing there places to go back to the bank…. They can not keep good tenants anymore and can not keep tenants. It is a real shame and it is really unfair all of these people were honest business people trying to make a dollar. Now the government is cheating them out of there retirement and financial stability. The people have to come from somewhere that are buying these houses.

How many years are we going to try to prop up the housing market ?

Who can I write who will actually care . Before I am the next victim

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