Thursday, October 8, 2009

Something to Tink about, $8,000 Tax Credit Extension


Finding yourself scrambling to hit last minute deadlines? It is that time for the $8,000 buyer tax credit to be gone. The elusive tax credit extension have lead some buyers to oscillate and waylay their housing purchases in hopes that Uncle Sam will bring them what they need, time and money. Should Uncle Sam extend the tax credit?

Are there any downsides to this tax extension? The upside is touted by the National Association of Realtors (NAR). They have pushed a call to action to ask our government leaders to save the tax credit extended. Why are we extending it? Is it our intention to make the real estate world go round? Is it to help the home buyers achieve the American dream of homeownership? How about stimulating our economy? Seriously. Why do we have deadlines? Is there a downside to a tax extension? The money is coming from someone somewhere and it isn't from Uncle Sam. Tax payers?

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