Extend the Home Buyer $8,000 Tax Credit
Thursday, October 15, 2009
The $8,000 tax credit is set to expire November 30th. Currently Congress is deliberating on to either let it expire or possibly extend the credit with modifications. The talk is that they could raise the credit to as high as $15,000 for all buyers (this means not just for 1st time home buyers). With the state of the economy nationally and the fact that local economy (Useful Information about York PA) is so depended on real estate related goods I believe if anything that needs a continued stimulus is real estate. I wouldn't have said that before this all started but since the government started down this road they have to finish what they started and don't let this vehicle run out of gas now. If they don't extend this to all home buyers it could be devastating nationally.