Wednesday, Oct 21, 2009

Obama worried he can't afford first time buyer tax credit

Moneynews.com: U.S. Skeptical of Renewing Homebuyer Credit

Reality check, bailouts have to slow down. "The Obama administration is still considering whether to back a popular tax credit for first-time homebuyers but is skeptical the United States can pay for it, Housing and Urban Development Secretary Shaun Donovan said Tuesday....The new homebuyer $8,000 tax credit, which will expire at the end of November, has boosted home sales in recent months, helping to revive a flagging housing market that had been a key factor driving the United States into a recession."

Posted by mountain goat @ 02:16 PM (803 views)
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2 Comments

1. crunchy said...

Obama are you privy to fact that the US property bottom is nowhere in sight or are you really that broke?

I am beginning to understand what you meant now by CHANGE.

I would laugh if this was not so serious.

Wednesday, October 21, 2009 03:06PM Report Comment
 

2. drewster said...

Shhhhh, stop talking about the $8,000 tax credit for US first time buyers! We don't want to give Gordon any silly ideas.....

Wednesday, October 21, 2009 04:28PM Report Comment
 

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