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Can we Take Advantage of the New Housing Tax Break

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Forums » Consumers - Questions, Answers, Help » Real Estate » Can we Take Advantage of the New Housing Tax Break
 

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Latest post Fri, Nov 20 2009 8:04 AM by Michelle Miller. 2 replies. Viewed 233 times.
Page 1 of 1 (3 items)

  • Thu, Nov 5 2009 11:31 AM                

    • Anonymous

    We bought our house in Novemeber of 2008. We had to buy because of moving for a new job. This was my first house , but not my wifes. She had our condo for over seven years before moving. My question is, will we be able to take advantage of the new tax break insentives that was just passed, or are we penalized for moving because of job?

  • Sun, Nov 8 2009 8:31 PM                 In reply to

    |Contact

    My understanding is that if you were a first time buyer in 08 then you had the $7,500 first time buyer tax credit that is paid back over 15 years at 0 per cent interest.  A good deal.  Not sure what your question is.

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     Bryan Bledsoe Direct Line 509-922-8699 bryan@bledsoehomeloans.com www.bledsoehomeloans.com Allied Home Mortgage Capital Corporoation, 1225 N Argonne, Ste C, Spokane Valley, WA 99212 Doing business in Washington and Idaho Loan officer NMLS 12483 - Branch Office NMLS 49957

  • Fri, Nov 20 2009 8:04 AM                 In reply to

    |Contact

    I am a new investor and from my personal analysis,this Housing Tax Break will puff up buying power thus increasing home prices,its already a down market,to others its the best deal,but its again a strategy implemented to increase homeownership but its as well a fragile form or process or recovery.
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