$22,000 tax credit being sought by housing industry

Posted on December 4, 2008
Filed Under FHA Home Loans, New Homes, Real Estate News | 1 Comment

The National Association of Homebuilders is pushing for aid to the housing industry.   A major component would be a $22,000 tax credit for people who purchase a home before the end of 2009.

It’s kind a like shootin’ fish in a barrel nowadays with so many bailouts, tax credits, lowered rates, loan modifications, loan workouts, incentives, foreclosures, short sales, reo’s, and so much more.. It’s getting hard to keep track of all the handouts.   Each week more new announcements are made I’m wondering how the Fed’s are going to keep it all straight.  Not only will they have to create a department for each bailout or incentive package they’ll need a department to keep track of the list of bailout departments they are keeping track of.

Hey, just so long as we end up with a piece of it rather than the bankers being the only ones lining their pockets!

Comments

One Response to “$22,000 tax credit being sought by housing industry”

  1. dave in NYC on December 4th, 2008 8:12 pm

    With so many bailouts and incentives, it’s a great time to be a buyer. Too bad the taxpayer has to burden all these handouts.

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