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  • Jeremy Hart, Real Estate Professional in Blacksburg


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« and Housing Shortages | Main | Blacksburg's Odd Fellows Hall »

February 09, 2009


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Phil Bailey

15k is a lot of money and it upsets somebody like me who bought a house (not my first house so I don't qualify for that break) last fall with my hard-earned money, but may not have bought at the "right" time to get this tax credit.

I think it should be somewhat retroactive to catch the people that have, unbeknownst to them, been "stimulating" the economy the last 6 months.

Sean Shannon

15k? Are you kidding me? I can imagine this would strongly encourage TONS of people to buy houses this year. 15k is just crazy. We're not planning on selling our house and buying a new one for at least 2 more years, but I think I would definitely consider doing it this year for 15k! I mean think about it, that's like um 15k of free money. I would also think it would help our house to SELL because more people would be looking to buy. Maybe it's a good thing I can't get a bank to call me back about refinancing, we'll just wait a little until this whole thing shakes out!

Jeremy Hart

Phil - that's a good point, particularly for folks like you and your family. If we had known this was on the horizon, would that have kept you guys off the fence until the package was passed?

Sean, it's definitely going to get some people at least more interested than they were, I think. It's not REALLY free money, though - it's costing tax payers somewhere north of $270 billion (and I can't find the link for that right now, but it's somewhere in there). Nevertheless it's likely going to get some people off the fence - perhaps you?

Phil Bailey

Hard to say-most likely not as we got our ball rolling before all of the serious economic malaise happened. It still remains to be seen what they hammer out as the house bill doesn't have the $15k credit.

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I sometimes wonder if we short changed ourselves as a nation and concentrated too much on the first time home buyer.

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this recovery seems pretty pretty slowly.

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There's some political wrangling that has to go back and forth, and once that's finished then it's voted on by both the House and the Senate ... again.


With an economy that in the bridge of recovery financing and providing subsidy to those people that are having the problem with finances have good effects. Moreover, the next phase is providing them employment to support themselves. This is an immediate plan for a recovery that will take a long time. Thanks a lot on what you have shared. More power and keep up the good work.


In an economy we can’t really predict the prices of commodities nowadays. Sometimes the customers are clamoring about the high rate of expenses in the market.

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Your post is a good source of information, i think you have to hold you pen on these kinds of serious issues!

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