Call me crazy, but am I the only one who sees this $7500 "Tax Credit" as simply a political sham? During an election year none-the-less. It it in theory good, yes, but I put it in quotations because its not a credit at all! Its really a 15 year interest free loan, that has to be paid back if the home is sold before its paid off. So is it just me or did this miss the mark for the intended beneficiary of the plan? Why because the average first time buyer only stays in the home for about 4 years, so that means only $2000 of the $7500 (assuming they got it all and paid back the suggested $500 per year) that leaves the seller with essentially a $5500 pre-payment pentalty when they sell. So goodbye appreciation equity. This will force many to stay in the home longer, which will result in less inventory = higher prices and less affordability for new first time buyers. Call me crazy because everyone in the business is trumpeting the benefits of it, there are TV ads, newspaper ads, etc. An yes it is a good thing for some people. But once again our great lawmakers have created a short term band-aid type solution to a larger scale problem. Why? Because its election year baby and thats all they care about....thats my take what is yours. www.NeighborhoodBluegrass.com