Nicksergeant is a Web Developer living in New York.
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I disagree completely.The tax credit exists (IMO) to push those who are considering switching from renting to owning over the edge. $8,000 is a serious advantage to renters who have no equity in a home to roll over for closing costs and a down payment on a new home.Personally, I plan to take advantage of the credit before it expires. If it hadn’t been extended, I would not be planning to purchase a home anytime soon.
I disagree completely.The tax credit exists (IMO) to push those who are considering switching from renting to owning over the edge. $8,000 is a serious advantage to renters who have no equity in a home to roll over for closing costs and a down payment on a new home.Personally, I plan to take advantage of the credit before it expires. If it hadn’t been extended, I would not be planning to purchase a home anytime soon.