February 26th, 2009 at 4:15 pm I agree, If I buy a house now, or this year. Would I be able to get the tax credit for 2009, and will we be able to get this every year or this is a one time deal.?
• vanderlei Says: February 26th, 2009 at 4:21 pm Isn’t this a continuation of failed government policy to encourage people to by houses regardless of other circumstances? The response to a million people buying houses they cant afford is to give them even more encouragement to buy a house. buy now and get cash back at signing!!! • bigmouth Says: February 26th, 2009 at 7:05 pm Vanderlei, I really think the argument of “buy only if you can afford” is a big lie. Because, unless you can pay everything cash, whether it’s new car or a home, you can’t afford it. The real affordability, in my opinion, works this way: you want a BMW that’s $30k. You already saved up $30k in your savings account that’s for your car money. You now can go get it, even if you want just to borrow a loan and keep the $30k as a backup fund. So say if you got laid off and no longer have steady income, you use that $30k in the savings account to finish off the car. That’s affordable. 20% of a down payment may seem a lot
Related Questions
- February 26th, 2009 at 4:15 pm I agree, If I buy a house now, or this year. Would I be able to get the tax credit for 2009, and will we be able to get this every year or this is a one time deal.?
- If my right to buy my house is suspended for five years due to pressured area status, will I still be able to count this time towards qualifying to buy and building up discount?
- What is "Affordable Housing", will I be able to buy a cheap house?
