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Started By
Message
What are the odds the 2009 homebuyer credit gets extended
Posted on 3/2/09 at 9:18 am
Posted on 3/2/09 at 9:18 am
to 2010?? I probably don't need to be buying a house till 2010, but I hate to throw away 8k in free government money....
3
Posted on 3/2/09 at 9:35 am to GeneralLee
I'd buy this year...
just My opinion
just My opinion
Posted on 3/2/09 at 9:39 am to GeneralLee
Why not try buying before December 31, 2009 and letting the seller occupy the home for a few months until you are ready to move in. You will get the best of both worlds, the $8,000 credit for 2009, and then in 2010 you will have a full year's worth of mortgage interest to deduct as well as some loss from a rental activity.
Some enterprising realtor could make some excellent commissions setting up such transactions for people wanting to swap homes for the $8,000 credit.
Some enterprising realtor could make some excellent commissions setting up such transactions for people wanting to swap homes for the $8,000 credit.
Posted on 3/2/09 at 9:40 am to Poodlebrain
Is this credit only for first time home buyers?
Posted on 3/2/09 at 9:40 am to Poodlebrain
clever.
Posted on 3/2/09 at 9:42 am to GeneralLee
quote:
GeneralLee
aren't you like 24?
are you married? Do you have kids? Why would you want to be tied down with a house when you are in your 20s, not married and don't have kids?
if you do get married, you can bet your arse your wife will not want to live in your house. Not b.c its not good, but b.c she will want something of her own (have seen this occur twice in the last 2 years).
what if obama totally tanks the economy, and outlaws guns. Won't you want to be able to move somewhere else? A house ties you down.
Posted on 3/2/09 at 9:50 am to MileHigh
quote:
aren't you like 24?
are you married? Do you have kids? Why would you want to be tied down with a house when you are in your 20s, not married and don't have kids?
I'll be 24 in a month. Not married, no girlfriend, no kids. I'll be at least 28 before I even contemplate getting married. If I'm still single at 35 i'm going to visit Argentina or the Philippines and find a wife there and bring her back here.
I'll be making enough to comfortably handle buying a house for about 150k or so on a 30 year mortgage. The local real estate market where i'm moving is more stable in price level than Florida, California, etc. so I think i'd only have to worry about 20k in price depreciation in a worst case scenario.
quote:
what if obama totally tanks the economy, and outlaws guns. Won't you want to be able to move somewhere else? A house ties you down.
If that happens then anyone with a mortgage is screwed, and that'll probably be the least of our worries.
The main reasons I want a home are that 1) I won't have to deal with loud assholes above or below me in an apartment 2) I can have a dog or two 3) I hate to piss money away renting (yes I know the whole rent vs own debate). I just would be a lot happier owning a house. Things would feel a lot more stable. and 4) owning a house with a nice job would make me more attractive to women in the future given the dire economic straits we find ourselves in.
This post was edited on 3/2/09 at 9:53 am
Posted on 3/2/09 at 9:56 am to GeneralLee
quote:
GeneralLee
i like the way you think...
Posted on 3/2/09 at 9:59 am to GeneralLee
quote:
so I think i'd only have to worry about 20k in price depreciation in a worst case scenario.
That is a lot of money to lose! And what is the upside? A little savings on taxes?
quote:
1) I won't have to deal with loud assholes above or below me in an apartment
Rent a house
quote:
2) I can have a dog or two
Rent a house, we have a dog and two cats
quote:
) I hate to piss money away renting (yes I know the whole rent vs own debate). I just would be a lot happier owning a house. Things would feel a lot more stable. and
have you ever owned a house? I will say its got its pluses, but also is a lot of work.
quote:
4) owning a house with a nice job would make me more attractive to women in the future given the dire economic straits we find ourselves in.
You obviously don't know women. It would be great attracting a mate that already had a kid, but other than that, I doubt its that much of a pull.
You want women, buy yourself a fancy car.
Posted on 3/2/09 at 10:02 am to MileHigh
quote:
That is a lot of money to lose! And what is the upside? A little savings on taxes?
8k tax credit+ mortage interest deduction makes my net risk probably only about 10k. My utility from owning a house is probably much greater than 10k.
quote:
have you ever owned a house? I will say its got its pluses, but also is a lot of work.
Nope, maintenance will probably be a bitch but i'll factor in a set $ for maintenance costs into whether I can afford the mortgage.
quote:
You obviously don't know women. It would be great attracting a mate that already had a kid, but other than that, I doubt its that much of a pull.
You want women, buy yourself a fancy car.
You are probably right on that. I don't know women. I learned the only way you can figure out women is to admit you will never be able to figure them out. I don't have much "game" at all and i'm just a stable, calm nice guy. So, I'll try to date women here until i'm 35. But if I've had no luck by then, i'm going to pick up a wife abroad. I've just about had it with American women though. I've met foreign women in grad school and most of them blow American women out of the water.
Posted on 3/2/09 at 10:06 am to GeneralLee
quote:
8k tax credit+ mortage interest deduction makes my net risk probably only about 10k. My utility from owning a house is probably much greater than 10k.
to each his own, you are smart enough to figure this out.
I thought you had to pay the 8k back though?
quote:
You are probably right on that. I don't know women. I learned the only way you can figure out women is to admit you will never be able to figure them out.
Google the ladder theory and read it. It will help. Money would be better spent in flashy items, much like racoons, women are attracted to flashy things. it makes them dizzy.
quote:
I've met foreign women in grad school and most of them blow American women out of the water.
Selection bias. They have to be good to get in american grad schools. Probably from rich families, or very smart.
Posted on 3/2/09 at 10:09 am to MileHigh
quote:
I thought you had to pay the 8k back though?
Not for 2009. The earlier 7500 was a 15 year loan, this 8k is free money.
quote:
Google the ladder theory and read it. It will help. Money would be better spent in flashy items, much like racoons, women are attracted to flashy things. it makes them dizzy
Already read that. I get on the friend ladder WAY too often. I don't like wasting money on flashy items with little practical worth.
quote:
Selection bias. They have to be good to get in american grad schools. Probably from rich families, or very smart.
Partially. However, I think there is a greater emphasis on family in the Argentine and Filipino cultures. That and the women there are much more content in being a 1950's style housewife, which is probably what I want.
This post was edited on 3/2/09 at 10:10 am
Posted on 3/2/09 at 10:20 am to Poodlebrain
quote:
Why not try buying before December 31, 2009 and letting the seller occupy the home for a few months until you are ready to move in. You will get the best of both worlds, the $8,000 credit for 2009, and then in 2010 you will have a full year's worth of mortgage interest to deduct as well as some loss from a rental activity.
So then I buy the home in 2009 and let the sellers rent the house in 2010 for a few months? What if the house was foreclosed and no one is living there now anyways?
Posted on 3/2/09 at 10:22 am to GeneralLee
quote:
The earlier 7500 was a 15 year loan, this 8k is free money.
Hmmm, interesting.
quote:
That and the women there are much more content in being a 1950's style housewife, which is probably what I want.
Good luck with that. I am sure they exist, but the housewives I know are all about spending your money, on flashy items, with no intrinsic worth.
Posted on 3/2/09 at 10:41 am to MileHigh
quote:
You want women, buy yourself a fancy car.
I have a fancy car and I haven't seen any women throwing themselves at me lately
Guess I'm just too hideous for them to care about my fancy car
Posted on 3/2/09 at 10:48 am to GeneralLee
quote:
this 8k is free money.
Link?
Posted on 3/2/09 at 10:53 am to Powerman
Posted on 3/2/09 at 10:57 am to Powerman
quote:
I have a fancy car and I haven't seen any women throwing themselves at me lately
Guess I'm just too hideous for them to care about my fancy car
I thought you had a girlfriend?
Posted on 3/2/09 at 11:10 am to MileHigh
quote:
Money would be better spent in flashy items, much like racoons, women are attracted to flashy things. it makes them dizzy.
coffee. nose. desk.
Posted on 3/2/09 at 11:12 am to Powerman
quote:
I have a fancy car and I haven't seen any women throwing themselves at me lately
I hear you brah. I roll up in this SWeet 2002 Ford Escort but the ladies act like I don't even exist.
I guess money can't buy everything.
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