Comments on: Congress did something right http://www.yourish.com/2008/08/12/5212 Cutting straight to the point Sat, 21 Nov 2009 16:14:34 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Meryl Yourish http://www.yourish.com/2008/08/12/5212/comment-page-1#comment-32901 Meryl Yourish Thu, 14 Aug 2008 02:53:26 +0000 http://www.yourish.com/?p=5212#comment-32901 Yep. It's all in the timing. But for the first time in my life, I actually get to take advantage of Federal largesse. That being said, I was looking to buy last year, but decided that I needed to pay down debt and get more stable financially before I could buy a new home. In fact, this one came along six months earlier than I'd planned, and I've had to hustle to get the money. The tax credit is going to help me immensely in the next four months, and again when I get a refund. As a taxpayer who's been paying taxes all her life and gotten zero breaks for paying rent, I have to say I'm not sorry that I finally get to get a mortgage break not just once, but twice. The 7500 tax credit is apparently the incentive that Congress thinks will help people decide to buy this year and next. Yeah, whatever. Yes, it's random. And yes, I lucked out. It's my year for being on the upswing, I guess. Yep. It’s all in the timing. But for the first time in my life, I actually get to take advantage of Federal largesse.

That being said, I was looking to buy last year, but decided that I needed to pay down debt and get more stable financially before I could buy a new home. In fact, this one came along six months earlier than I’d planned, and I’ve had to hustle to get the money. The tax credit is going to help me immensely in the next four months, and again when I get a refund.

As a taxpayer who’s been paying taxes all her life and gotten zero breaks for paying rent, I have to say I’m not sorry that I finally get to get a mortgage break not just once, but twice.

The 7500 tax credit is apparently the incentive that Congress thinks will help people decide to buy this year and next. Yeah, whatever. Yes, it’s random. And yes, I lucked out. It’s my year for being on the upswing, I guess.

]]> By: John M. http://www.yourish.com/2008/08/12/5212/comment-page-1#comment-32900 John M. Wed, 13 Aug 2008 22:46:29 +0000 http://www.yourish.com/?p=5212#comment-32900 Hmmm... Essentially you're getting this because you were lucky enough to be a first-time homebuyer during a downturn. Which means you may also be getting a good deal on a house anyway, depending on your market. While personally I wish you every advantage, as a taxpayer who's been paying his mortgage for eight years, I must confess that it feels a bit random. Perhaps I misunderstand. Hmmm… Essentially you’re getting this because you were lucky enough to be a first-time homebuyer during a downturn. Which means you may also be getting a good deal on a house anyway, depending on your market. While personally I wish you every advantage, as a taxpayer who’s been paying his mortgage for eight years, I must confess that it feels a bit random. Perhaps I misunderstand.

]]> By: Mog http://www.yourish.com/2008/08/12/5212/comment-page-1#comment-32898 Mog Wed, 13 Aug 2008 03:47:34 +0000 http://www.yourish.com/?p=5212#comment-32898 Bout time Congress did something right. Home ownership does have it's rewards. And I never let a sizable refund speed up my doing my taxes, seems I always wait til the last minute. Bout time Congress did something right. Home ownership does have it’s rewards.

And I never let a sizable refund speed up my doing my taxes, seems I always wait til the last minute.

]]> By: Bob http://www.yourish.com/2008/08/12/5212/comment-page-1#comment-32897 Bob Wed, 13 Aug 2008 03:17:08 +0000 http://www.yourish.com/?p=5212#comment-32897 Hooray for you! Home ownership here you come. Hooray for you! Home ownership here you come.

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