Boston Globe Update on Buyer Tax Credit Extension

http://www.boston.com/realestate/news/blogs/renow/2009/11/high_end_likely.html

Income limits may be increased.  We are at the eleventh hour and they are still posturing and it the deadline is looming close.

The wealthy towns of Wellesley, Lincoln and Weston where there are many luxury homes have seen a considerable drop.  The Weston price drop is 12% and sales drop doubling that number at 22.6%.

Highend real estate has been out of luck with a tax break.  it should be across the board and it should have been for all as far as I am concerned.

The tax credit created so much activity but left the luxury market out.  I was showing a listing of mine at $425,000 and the people coming to Open Houses could not qualify because the combined income was too high.  This just doesn't seem at all fair to me.

I hope they consider all while extending the credit.  Fair is fair.