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Originally posted by compwiz32190
As much as I hate this whole "free money" idea, he is right...you might as well take what you can grab now because things are only getting worse.
I am sorry about you thinking everyone is taking YOUR money. I am sorry the whole system seems to be crashing down, and you think it is because of people taking your tax dollars?
Originally posted by salchanra
Originally posted by jtma508
reply to post by salchanra
Well I have a great deal of respect for anyone who can do as you have. But it isn't possible for everyone. My 5 acre lot cost me $78,000 back in the mid-80's.
I agree with you on that. Its not possible for everyone. Hell, I couldnt buy 5 acres for 80k either. What I could do was spend 10k on 5 acres a little farther out of town.
What I am saying is people need patience and sacrifice. I worked hard and have what I have. Should I want to move or buy a new house, I can sell mine and then Ill have the funds to do it. Took 3 years to build my place. Alot of work and dedication. Why should I support someone, anyone who simply thinks they deserve what they want, where they want right now and I get to help foot the bill?
There's still widespread misunderstanding on the issue, but qualified purchasers who closed in 2008 will not benefit from the 2009 amendments. They're stuck with the old model, and will have to pay back the credit -- more precisely an interest-free loan from the government -- over the coming 15 years.
People who buy homes between Jan. 1 and Dec. 1 of this year may qualify for the $8,000, no-repayment credit. But they'll still have to pass most of the key eligibility tests imposed under the 2008 program.