Wednesday, Oct 21, 2009

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