# 8k Home buyer tax credit extended! - Post 94 **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [October 20, 2009, 12:30pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109 "2009-10-20T12:30:59Z")\ **Posts on this page:** 20\ **Page:** 4
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [October 29, 2009, 7:19am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/61 "2009-10-29T07:19:43Z")
> [@93dx--hatch](#): > > The problem is the seller is a deadbeat and doesn’t have $10k of credit. If I back out, the house will foreclose. Let it and buy it cheaper! I purchased a house because of the 8K now rather then in a year. I don’t know how this really stimulates anything via my situation because I would be buying something anyways. ---
**Author:** ![93dx\_hatch](https://avatars.discourse-cdn.com/v4/letter/9/90ced4/32.png) [@93dx\_hatch](https://forums.speedlife.net/u/93dx_hatch)\ **Post date:** [October 29, 2009, 7:30am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/62 "2009-10-29T07:30:52Z")
> [@ultradriver10000](#): > > Let it and buy it cheaper! > > I purchased a house because of the 8K now rather then in a year. I don’t know how this really stimulates anything via my situation because I would be buying something anyways. I would much rather get it now then have to deal with it after the foreclosure. Once they turn off the water and electric the pipes freeze basement floods, mold etc. There was one house that neighborhood that was foreclosed and it still sold for over $120k a few months ago and it was a mess. ---
**Author:** ![Mankthetank19](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mankthetank19/32/5295_2.png) [@Mankthetank19](https://forums.speedlife.net/u/Mankthetank19)\ **Post date:** [October 29, 2009, 8:21am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/63 "2009-10-29T08:21:38Z")
> [@Joe](#): > > I was too…I got pushed back til next week cause the stupid title search didn’t come in until this morning. That stinks. No closing costs for me - I am receiving a check when I close - I had many credits from the bank. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [October 29, 2009, 8:22am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/64 "2009-10-29T08:22:57Z")
Worst part is I already own a percentage of the house and it’s been in my family since the 50’s. If there were title problems I think I’d know :bloated: ---
**Author:** ![93dx\_hatch](https://avatars.discourse-cdn.com/v4/letter/9/90ced4/32.png) [@93dx\_hatch](https://forums.speedlife.net/u/93dx_hatch)\ **Post date:** [October 29, 2009, 8:25am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/65 "2009-10-29T08:25:14Z")
> [@Mankthetank19](#): > > That stinks. > > No closing costs for me - I am receiving a check when I close - I had many credits from the bank. Did you put 0 down or something? My closing costs not counting Down payment are near $10k ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [October 29, 2009, 8:26am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/66 "2009-10-29T08:26:45Z")
I love the bureaucracy in buying a house. It is total bullshit. People should band together and sell their houses on a open free market something like craiglist, but for homes and not so crappy. Rather then have some agent take you around, you should be able to call the owner, and come check out the house at your leisure. I know my agent made 10K+ for me buying my house and all she did was show me and my wife ~10 homes and have us fill out some paper work. The sellers agent also made 10K+ on the home, so that brings the total amount of bullshit charges to well over 25K for the sale of one house. I’m not paying any closing fees, as the seller is, but I’m still putting down a good amount. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [October 29, 2009, 8:31am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/67 "2009-10-29T08:31:09Z")
Yeah, I love how you have to document every dollar you spend on a $50k house to make sure you’re not laundering the money but you can buy $1 million worth of cars or stock or bonds with nonsequential unmarked bills in a briefcase. ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [October 29, 2009, 9:05am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/68 "2009-10-29T09:05:50Z")
> [@Joe](#): > > Yeah, I love how you have to document every dollar you spend on a $50k house to make sure you’re not laundering the money but you can buy $1 million worth of cars or stock or bonds with nonsequential unmarked bills in a briefcase. Honestly, I had to provide my bank records for 3 months on where I got my money for the down payment on my house. Are you kidding me?! It wasn’t even that much money (relatively considering). I have paid more in cash for my cars then I did for my house and was never questioned. Its a JOKE. They questioned where a $4K deposit came from. Really :lol: I told them I sold a set of wheels from my corvette. ---
**Author:** ![Mankthetank19](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mankthetank19/32/5295_2.png) [@Mankthetank19](https://forums.speedlife.net/u/Mankthetank19)\ **Post date:** [October 29, 2009, 10:43am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/69 "2009-10-29T10:43:49Z")
> [@93dx--hatch](#): > > Did you put 0 down or something? > > My closing costs not counting Down payment are near $10k I put 3% down I was part of the M&T First Time Homebuyers club that I deposited 180.00 each month for 10 months in this account. M&T then gives me 7500 on top of that to use. So in the end, I put down a total of 5% and will be getting a check when I leave the closing. It was a total surprise to me. Now, I will expedite the Obama fund so I can get that money soon. This is why I purchased a double as a single owner because I can live there for 7 - 8 years and then use it as an Income Property when I buy my next house. I don’t believe in paying rent because I am losing money. I don’t mind being the home owner/land lord doing all the necessities. I am glad these programs were around when I decided to purchase a house. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [October 29, 2009, 10:47am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/70 "2009-10-29T10:47:25Z")
I made $5000 too much to use First Home Club 🖕 ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [October 29, 2009, 10:50am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/71 "2009-10-29T10:50:39Z")
> [@Joe](#): > > I made $5000 too much to use First Home Club 🖕 get married to some girl like dawn and your combined will be well under the limit… totally worth it for the $8k? ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [October 29, 2009, 10:58am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/72 "2009-10-29T10:58:31Z")
Nah, if anything I’d purchase a hot non-english-speaking wife from overseas for $7500 and then it’d be like I got her for free. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [October 29, 2009, 11:06am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/73 "2009-10-29T11:06:07Z")
Obama will pay you to marry a Russian bride, LOL ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [October 29, 2009, 11:08am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/74 "2009-10-29T11:08:26Z")
In Soviet Russia, getting married pays you! ---
**Author:** ![TrueBlue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/trueblue/32/7245_2.png) [@TrueBlue](https://forums.speedlife.net/u/TrueBlue)\ **Post date:** [October 29, 2009, 1:24pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/75 "2009-10-29T13:24:48Z")
> [@Joe](#): > > Nah, if anything I’d purchase a hot non-english-speaking wife from overseas for $7500 and then it’d be like I got her for free. seriously just roffled my waffles 🤣 ---
**Author:** ![tpgsr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tpgsr/32/7374_2.png) [@tpgsr](https://forums.speedlife.net/u/tpgsr)\ **Post date:** [October 30, 2009, 6:58am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/76 "2009-10-30T06:58:25Z")
Update: [http://www.bloomberg.com/apps/news?pid=20603037&sid=ai5ZNuz56Q4g](http://www.bloomberg.com/apps/news?pid=20603037&sid=ai5ZNuz56Q4g) ---
**Author:** ![neonglh](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/neonglh/32/4951_2.png) [@neonglh](https://forums.speedlife.net/u/neonglh)\ **Post date:** [October 30, 2009, 7:31am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/77 "2009-10-30T07:31:25Z")
Looks promising :tup: ---
**Author:** ![rugsr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rugsr/32/7474_2.png) [@rugsr](https://forums.speedlife.net/u/rugsr)\ **Post date:** [October 30, 2009, 2:29pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/78 "2009-10-30T14:29:01Z")
friend of mine said he heard they are extending the 8k and also if an existing home owner wants to jump into something more expensive they get $6500 ---
**Author:** ![Eazy716](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/eazy716/32/7443_2.png) [@Eazy716](https://forums.speedlife.net/u/Eazy716)\ **Post date:** [November 5, 2009, 6:23am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/79 "2009-11-05T06:23:38Z")
> [@rugsr](#): > > friend of mine said he heard they are extending the 8k and also if an existing home owner wants to jump into something more expensive they get $6500 You have to have lived in the previous house for at least 5 years. I’m at 4 years and have been looking into buying a bigger house, but won’t be able to get the credit :tif: ---
**Author:** ![neonglh](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/neonglh/32/4951_2.png) [@neonglh](https://forums.speedlife.net/u/neonglh)\ **Post date:** [November 5, 2009, 6:41am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/80 "2009-11-05T06:41:50Z")
It still isn’t approved, but it’s getting closer. I have been following the groups page on twitter for updates \>.\< [Previous page](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109.md?page=3) [Next page](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109.md?page=5)