blogs.wsj.com - 10/22/2009
—
The nation's top housing official expressed doubt over the need to extend the $8,000 tax credit for first-time home buyers, and said that the Obama administration was reviewing whether the additional cost of extending the credit was worth any benefit in home sales. Shaun Donovan, the secretary ...
Another Home Buyer Tax Credit Update
calculatedriskblog.com 10/28/2009 — Yesterday I heard a compromise had been reached on extending and expanding eligibility for the home buyer tax credit, and that the housing tax credit would be attached to the extension of unemployment benefits, and that the Senate would vote today - ...
Home Buyer Tax Credit DOA?
calculatedriskblog.com 10/22/2009 — From Reuters: White House skeptical on renewing home buyers credit [Housing and Urban Development Secretary Shaun] Donovan told the Senate Banking Committee that while he was aware the program was popular with lawmakers, "At the same time, I am ...
A Compromise on Home Buyer Tax Credit?
cnbc.com 10/28/2009 — Posted By: Diana Olick Sources are telling me that there may be a compromise among Senators Dodd and Lieberman and Senate Finance folks, like Baucus and his staff. Here's how it would work, and again, this is just a source telling me this, not ...
buyer tax credit and jobless aid
latimes.com 11/5/2009 — Home-buyer tax credits A house in Philadelphia that's under contract to be bought. One economist estimated that the $8,000 tax credit for first-time home buyers led to 400,000 new home sales this year that would not otherwise have taken place. ( Matt ...
Home Buyer Tax Credit Revision
calculatedriskblog.com 10/29/2009 — From Bloomberg: Senate Said to Revise Plan to Extend, Expand Homebuyer Credit (ht Anthony) The article states the plan might still change . The details: Income eligibility for home buyers increases to $125,000 for individuals and $225,000 for ...
The first-time home buyer tax credit is idiotic
self-evident.org 10/27/2009 — Suppose one day the government decided to give $1 to every person who buys a screwdriver. What would happen?
The immediate effect would be to increase the price of all screwdrivers by $1 . Why? If the going rate for screwdrivers is (say) $5, then ...
Congress Votes for Housing Tax Credit
calculatedriskblog.com 11/4/2009 — From the NY Times: Congress Agrees to Keep Homebuyers’ Tax Credit The Senate and House are poised to agree on a compromise measure to extend unemployment benefits that also would expand a [un]popular $8,000 tax credit for homebuyers ... The bill also ...
Audit of Home Tax Credit Shows Errors and Abuses
nytimes.com 10/22/2009 — WASHINGTON Just as Congressional leaders are calling for an extension of a popular $8,000 tax credit for first-time homebuyers, or even an expansion to all homebuyers, government investigators reported Thursday that audits suggest widespread abuse ...
Cash for Clunkers cost how much?
ritholtz.com 10/28/2009 — As the debate intensifies on whether and what form to extend the home buying tax credit, one argument against it is why give a credit to someone who planned on buying a home anyway. With 85% of 1st time home buyers who were eligible to collect the ...
Follow WallStreetBlips on Twitter
Reactions
