HOMEBUYERS TAX CREDIT
There is a lot of confusion out there on the federal Homebuyers Tax Credit. This is probably because there are actually three of them:
1) The first one was actually a long term, interest free loan that had to be repaid over 15 years.
2) The second one raised the credit, and it did not have to be repaid (unfortunately, the government didn’t make this break retroactive for the home buyers a little earlier in the year).
3) The third extended the credit to all buyers of homes who could qualify. One of the best brief explanations I have found for these tax credits is at
www.abcnews.go.com/Business/wireStory?id=9604343
The puzzling question is why aren’t people now taking advantage of this credit in the numbers they should be? When ever can anyone remember a time in the past when prices were low, the interest rate was fantastic, and the government was giving you some money (tax credit) just for taking advantage of an obviously amazing opportunity. Someday, there will be lots of people giving themselves a quick kick for not taking advantage of this great chance.
Homebuyers who would like to take advantage of this great opportunity need to be under contract for their home by April 30th of this year.
Thursday, January 28, 2010
HOMEBUYERS TAX CREDIT
There is a lot of confusion out there on the federal Homebuyers Tax Credit. This is probably because there are actually three of them:
1) The first one was actually a long term, interest free loan that had to be repaid over 15 years.
2) The second one raised the credit, and it did not have to be repaid (unfortunately, the government didn’t make this break retroactive for the home buyers a little earlier in the year).
3) The third extended the credit to all buyers of homes who could qualify. One of the best brief explanations I have found for these tax credits is at
www.abcnews.go.com/Business/wireStory?id=9604343
The puzzling question is why aren’t people now taking advantage of this credit in the numbers they should be? When ever can anyone remember a time in the past when prices were low, the interest rate was fantastic, and the government was giving you some money (tax credit) just for taking advantage of an obviously amazing opportunity. Someday, there will be lots of people giving themselves a quick kick for not taking advantage of this great chance.
Homebuyers who would like to take advantage of this great opportunity need to be under contract for their home by April 30th of this year.
There is a lot of confusion out there on the federal Homebuyers Tax Credit. This is probably because there are actually three of them:
1) The first one was actually a long term, interest free loan that had to be repaid over 15 years.
2) The second one raised the credit, and it did not have to be repaid (unfortunately, the government didn’t make this break retroactive for the home buyers a little earlier in the year).
3) The third extended the credit to all buyers of homes who could qualify. One of the best brief explanations I have found for these tax credits is at
www.abcnews.go.com/Business/wireStory?id=9604343
The puzzling question is why aren’t people now taking advantage of this credit in the numbers they should be? When ever can anyone remember a time in the past when prices were low, the interest rate was fantastic, and the government was giving you some money (tax credit) just for taking advantage of an obviously amazing opportunity. Someday, there will be lots of people giving themselves a quick kick for not taking advantage of this great chance.
Homebuyers who would like to take advantage of this great opportunity need to be under contract for their home by April 30th of this year.
Monday, January 11, 2010
FULL STEAM AHEAD TO 2010
Poof! 2009 is now in the rear view mirror. As we look ahead, we’re filled with new hope and plans for 2010. All are good (even if broken in the future), because we pause in our busy lives to take a look at both ourselves and our businesses to see what changes need to be made. Of course, the #1 resolution always is to lose weight, and this year is probably no exception for most of us (ah, those holiday goodies!). This is generally followed by being more productive, spending less, saving more, being better people and on and on. How about adding this one? Just have more fun. Work is good, but the old saying “all work and no play makes Jack a dull boy” is quite true. Be resourceful, and you can find great things to do, and many are free or cost very little. When you live in a beautiful area like ours here in the wonderful White Mountains of New Hampshire, it should be no problem in these surroundings to find inexpensive ways to spend quality time. At this time of year, a walk down a road with a shimmering canopy of snow and ice overhead can be nearly as thrilling as a ride at Disney World. Pick a sunny winter day when the skies are that gorgeous blue you only see in the winter months for an amazing walk or drive. Another choice is do some tubing at Great Glen Trails or one of the other commercial areas around (or find your own hill for free sledding or tubing). Ice skating at Libby Pond or one of the town created ice rinks in most towns. One exciting activity you may not have thought of is seeing Mt. Washington & its view from a snowcoach. It’s not free, but sure would be a thrilling day for anyone. See the video http://ping.fm/of9RX
Poof! 2009 is now in the rear view mirror. As we look ahead, we’re filled with new hope and plans for 2010. All are good (even if broken in the future), because we pause in our busy lives to take a look at both ourselves and our businesses to see what changes need to be made. Of course, the #1 resolution always is to lose weight, and this year is probably no exception for most of us (ah, those holiday goodies!). This is generally followed by being more productive, spending less, saving more, being better people and on and on. How about adding this one? Just have more fun. Work is good, but the old saying “all work and no play makes Jack a dull boy” is quite true. Be resourceful, and you can find great things to do, and many are free or cost very little. When you live in a beautiful area like ours here in the wonderful White Mountains of New Hampshire, it should be no problem in these surroundings to find inexpensive ways to spend quality time. At this time of year, a walk down a road with a shimmering canopy of snow and ice overhead can be nearly as thrilling as a ride at Disney World. Pick a sunny winter day when the skies are that gorgeous blue you only see in the winter months for an amazing walk or drive. Another choice is do some tubing at Great Glen Trails or one of the other commercial areas around (or find your own hill for free sledding or tubing). Ice skating at Libby Pond or one of the town created ice rinks in most towns. One exciting activity you may not have thought of is seeing Mt. Washington & its view from a snowcoach. It’s not free, but sure would be a thrilling day for anyone. See the video http://ping.fm/of9RX
Subscribe to:
Posts (Atom)