$8,000 Tax Credit – not such a done deal?
by Tom on October 20, 2009
in Market Musings
This is interesting. Lots of people who I’ve talked to say, “They’ll extend it for sure. But I don’t think that we should.”
Now it looks like it’s less than certain that it will be extended.
Stay tuned.
Tom Vanderwell
HUD Hints on Home Buyer Tax Credit – Realty Check with Diana Olick – CNBC.com
HUD Secretary Donovan, in his opening statement, said:I am also aware of the strong support in Congress for doing more to support the housing market, including extending the First Time Home Buyer Tax Credit beyond 2009. At the same time, I am mindful that these proposals can be very expensive, especially at a time of significant budget deficits. I can assure you the Administration will work with Congress to fashion appropriate and effective home buyer incentives, mindful of both their benefits to stimulating new demand and their costs to the American taxpayer.
I don’t know about you, but that sounded more like a “No” to me than a “Yes.”
Technorati Tags: $8000 Tax Credit
