real estate tax credit: Housing Prices Drop for the 57th Consecutive Month...
- 05/21/11 09:44 PM
Zillow announced last week that home values have fallen for a 57th straight month. This is clearly not good news for anyone but, it has hit beneficiaries of the $8,000 tax credit for first-time homebuyers particularly hard. The Wall Street Journal, announced that the first time home buyers (that purchased as a result of the Obama tax credits) have “lost twice as much to falling house prices as they gained from the incentive”. The initiative began as an incentive for first-time buyers, then it was expanded to include a $6,500 credit for existing homeowners who made a new purchase. The program … (0 comments)
real estate tax credit: Housing Prices Drop for the 57th Consecutive Month...
- 05/21/11 09:41 PM
Zillow announced last week that home values have fallen for a 57th straight month. This is clearly not good news for anyone but, it has hit beneficiaries of the $8,000 tax credit for first-time homebuyers particularly hard. The Wall Street Journal, announced that the first time home buyers (that purchased as a result of the Obama tax credits) have “lost twice as much to falling house prices as they gained from the incentive”. The initiative began as an incentive for first-time buyers, then was expanded to include a $6,500 credit for existing homeowners who made a new purchase. The program … (0 comments)
real estate tax credit: Hypocrisy in the Obama Real Estate/Tax Position
- 05/19/11 06:17 PM
Here is the hypocrisy in the Obama administration policies on real estate (okay, actually there are many, but here is ONE): they induced tens of thousands of families to purchase real estate by incentivizing them with a federal tax credit. Many home owners received an $8,000 federal tax credit as an inducement to purchase a home. The administration ran around patting itself on the back about how successful the program was etc. Now they want to eliminate the mortgage interest deduction on taxes. Lure them in with tax incentives and then take the incentives and much more away with significantly higher … (4 comments)
Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement
Zillow announced last week that home values have fallen for a 57th straight month. This is clearly not good news for anyone but, it has hit beneficiaries of the $8,000 tax credit for first-time homebuyers particularly hard. The Wall Street Journal, announced that the first time home buyers (that purchased as a result of the Obama tax credits) have “lost twice as much to falling house prices as they gained from the incentive”. The initiative began as an incentive for first-time buyers, then it was expanded to include a $6,500 credit for existing homeowners who made a new purchase. The program … (0 comments)
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