(no subject)
With the passage of the stimulus package, there is an $8,000 dollar refundable tax credit for first-time home buyers in 2009 ('refundable' means if you only paid $7,000 total in taxes, they'll still give you the last $1000) -- Essentially, the government gives you $8,000 if you buy a house this year...This sounds like a pretty amazing deal to me...so I will probably be buying a house this year. I have 25K saved towards a down payment, which is enough for 10-15% on a nice house (I will have almost 30K saved by June, when I expect to be buying...)
It's a pretty exciting prospect for me...and a little daunting.
It's a pretty exciting prospect for me...and a little daunting.