NEW STIMULUS PACKAGE..15000 TAX CREDIT ON HOMEBUYING

gardener2000

APPARENTLY THE SENATE IS MAKING PROGRESS ON THE STIMULUS DEAL..FROM WHAT I CAN
SEE, THERE IS NOW A 15000 TAX CREDIT BEING PROPOSED FOR BUYING OF HOMES IN
2009. 15000 OR 10% OF THE HOMES PURCHASE PRICE... IF THIS IS NOT RESTRICTED
THIS SHOULD STIMULATE HOUSING...HERE IS AN EXCERT FROM THE BB ARTICLE         

                          Homebuyer Aid

     Proposed amendments include a $18.5 billion proposal from
Georgia Republican Senator Johnny Isakson offering a tax credit
for homebuyers worth $15,000 or 10 percent of a home’s purchase
price, whichever is less.
     Lawmakers voted yesterday to aid the auto industry,
approving a $11 billion plan to give new car and truck buyers a
tax break on sales taxes and interest payments on car loans.
Another amendment provided a $6 billion increase for medical

oldfat

Cobra

咋怎么觉得米国政府有花不玩的钱呢？

肥皂泡

咋怎么觉得米国政府有花不玩的钱呢？
Cobra 发表于 2009-2-4 16:50

霸天虎从塞伯坦星球给他们带来的，让他们把威震天从大海里放出来

CoolMax

If you know the housing price will keep go down, why do you buy it now.
Eventually you will lose more than 15K if you buy house now.

maplayer

5# CoolMax
If max(10%, $15k), then for a $50k house, it could be worth it for 30%.
But if min(10%, $15k), then the house may drop further %20?

CoolMax

5# CoolMax  
If max(10%, $15k), then for a $50k house, it could be worth it for 30%.
But if min(10%, $15k), then the house may drop further %20?
maplayer 发表于 2009-2-4 05:15 PM

In SF bay area, 15K is nothing.
you can ask Seller to give you that 15K directly.

oldfat

5# CoolMax  
If max(10%, $15k), then for a $50k house, it could be worth it for 30%.
But if min(10%, $15k), then the house may drop further %20?
maplayer 发表于 2009-2-4 17:15

house in bay area cost more than 500k, 15k is just another 3% drop. I believe the house price will drop more than 3% this year........

agang

house in bay area cost more than 500k, 15k is just another 3% drop. I believe the house price will drop more than 3% this year........
oldfat 发表于 2009-2-4 17:41

Hayward has lots of 90K 150K house, which can be rented out at 1.5K per month.

jackie8443

咋怎么觉得米国政府有花不玩的钱呢？
Cobra 发表于 2009-2-4 16:50

您的头像就是答案

oldfat

Hayward has lots of 90K 150K house, which can be rented out at 1.5K per month.
agang 发表于 2009-2-4 19:20

i believe this 15k is for first time buyer only

KeepInHand

If $15000 is given to new home buyers, how about those buyers who just bought the house before this plan? Doesn't they lose?

This reminds of some interesting thing in China, when lots of home buyers complain seller give new buyer too much discount thus caused previous buyers' interest is jeopadized.

oldfat

If $15000 is given to new home buyers, how about those buyers who just bought the house before this plan? Doesn't they lose?

This reminds of some interesting thing in China, when lots of home buye ...
KeepInHand 发表于 2009-2-4 20:28

it is for every one this time
“The proposal would allow a tax credit of 10 percent of the value of newor existing residences, up to a $15,000 limit. Current law provides fora $7,500 tax break for the purchase of new homes only.”

yang9753

This is unfair. How about the people who bought the house earlier before 2009?

Forevergreen

This is unfair. How about the people who bought the house earlier before 2009?
yang9753 发表于 2009-2-4 21:29

所以说 房市有风险，入市须谨慎

xiaoAB

then you sell your house, and buy another one.

xiaoAB

what if the credit is increased to 30K next year? hehe.

SAR

Don't confuse tax credit with income. $15,000 tax credit worth much more than income $. say you are in 30% tax range, you actually save ~1.00/.30= 3.3 times 15,000, i.e. $46,000 buying a new house.  the gov wants you to buy in 2009 to boost the economics now...

SAR

Am I correct?

soulvirus

sar, you are right

总体来说，这是个利好。就是说，起码会诱惑一些sideliner进场。比什么都不做好。

政府目前要处理的问题，1，稳定房子，2，创造就业     至于能源问题，以后再说。