Letters and Comments

Home Tax Credit Hopes

By U.S. News Staff

February 10, 2009 RSS Feed Print
  • Comment (12)

This will help people of all income levels ["The $15,000 Home Buying Tax Credit: 6 Things to Know," usnews.com]. The tax credit has two major benefits: The first is to people who buy homes. The second and larger benefit is that this could put people back to work in the housing sector building homes. This sector has virtually collapsed with huge job losses. The main target of this provision is to get those people back to work. While a lot of attention is put on those who will get the tax break, the real beneficiary are those who will get their jobs back in the housing sector.

Comment by John of VA

I bought my home in 2005 near the peak of the economy, and tried to make it work with all the money I had to put into it. They should make it fair for everyone. I find this "backwards" as I had to pay more because of the higher prices of homes at the time. I recently got laid off—and this $7,500 "loan" hits a nerve as I could use it to pay off my car and save thousands in interest.

Comment by Joseph Rogowski of OH

The housing collapse is what started this mess. Getting first time home buyers to purchase the real estate will help with the supply/demand issue, and put us on a path to recovery. If this passes, it will certainly take my wife and me "off the fence," and we will buy a house.

Comment by Jeff of PA

Reader Comments Read all comments (12)

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You need to be humbled. Things change in peoples lives everyday. You really need a reality check and you are a jerk. We are in six digit income and had several financial hardships that snowballed and so far have not received a dime of bailout, but I do hope we get a little help it would be a blessing and it would be paid forward,We pay our taxes and we do give to the needy even when it might be a little hard on us. But you try to help and do for someone else worse off. I think if you did loose your job you might have a different approach. You have no idea what your talking about.

ana reedje of TX 4:29PM March 24, 2009

It is surprising the lack of respect in this forum. People are being called "idiots" and "dolts" a little quickly, wouldn't you say? When we disagree with someone, can't we try to sway their opinion or educate them without resorting to name calling? When people lose their jobs or their homes, it is painful and disorienting. Calling them names cancels out your message.

David Beaulieu of CA 2:42PM February 14, 2009

I hate to pick on Josh, but when people say uneducated things, it is our job to enlighten. Josh, did you know the interest on the stimulus bill alone will almost equal the cost of the stimulus bill? Which means this bill won't cost us 800 billion, it will cost future generations 1.6 trillion. So actually the rest of us are paying for the spoils of your victory. News for you, money doesn't appear out of thin air, someone has to pay for your "victory". As for financial planning, do you mean to say that you let the federal government plan for you and give you money you didn't earn? That is not planning, that is expecting payouts from cradle to grave, so really, WE will end paying for YOU "one way or another..."

TK of CO 2:34PM February 11, 2009

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