# 8k Home buyer tax credit extended! - Post 94

**URL:** <https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109>\
**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:** 5

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**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:** [November 5, 2009, 6:43am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/81 "2009-11-05T06:43:47Z")

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> [@neonglh](#):
>
> It still isn’t approved, but it’s getting closer. I have been following the groups page on twitter for updates \>.\<

Same here. Fingers crossed.

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**Author:** ![SHOtime](https://avatars.discourse-cdn.com/v4/letter/s/8e8cbc/32.png) [@SHOtime](https://forums.speedlife.net/u/SHOtime)\
**Post date:** [November 5, 2009, 12:12pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/82 "2009-11-05T12:12:17Z")

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_bump_ extended.

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**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:** [November 5, 2009, 12:22pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/83 "2009-11-05T12:22:12Z")

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> **[President extends unemployment benefits by up to 20 weeks - Nov. 5, 2009](https://money.cnn.com/2009/11/05/news/economy/Extending_unemployment_benefits/index.htm?cnn=yes)**
>
> President Obama said he signed into law Friday a bill to provide up to 20 additional weeks of jobless benefits to unemployed Americans and extend the $8,000 tax credit for new homebuyers into the middle of next year.

> “The bill also a places a down payment on the future of our middle-class because it extends, for the first-time homebuyer, a tax credit helping more Americans purchase homes and making it a little easier for families to move into a new house and keep a roof over their heads,” she added.

> Tax break for buying a home  
> The legislation also would extend the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30. The controversial credit, which many say has boosted home sales in recent months, was set to expire after Nov. 30.

yeaaaaaaaaaaah buddy!

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**Author:** ![Willybeen](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/willybeen/32/7351_2.png) [@Willybeen](https://forums.speedlife.net/u/Willybeen)\
**Post date:** [November 5, 2009, 12:42pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/84 "2009-11-05T12:42:34Z")

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[http://www.audacityofhypocrisy.com/2009/11/03/obama-stimulus-20new-6500-tax-credit-for-homeowners-who-have-lived-in-their-current-home-for-at-least-five-years/](http://www.audacityofhypocrisy.com/2009/11/03/obama-stimulus-20new-6500-tax-credit-for-homeowners-who-have-lived-in-their-current-home-for-at-least-five-years/)

aweeee shit… i might be eligible for something now… 6500 toward a new place… word…

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**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:** [November 5, 2009, 12:47pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/85 "2009-11-05T12:47:06Z")

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I better get back to work then so I can pay for your downpayments with my taxes 😃

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**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, 1:02pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/86 "2009-11-05T13:02:02Z")

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From their twitter account:

> Great news! Congress has extended and expanded the home buyer tax credit. Now onto President Obama for his signature. [http://bit.ly/1VlumH](http://bit.ly/1VlumH)

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**Author:** ![Willybeen](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/willybeen/32/7351_2.png) [@Willybeen](https://forums.speedlife.net/u/Willybeen)\
**Post date:** [November 5, 2009, 1:09pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/87 "2009-11-05T13:09:51Z")

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2nd time homebuyers stimulus FTW!

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**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\
**Post date:** [November 5, 2009, 1:14pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/88 "2009-11-05T13:14:36Z")

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> [@SHOtime](#):
>
> _bump_ extended.

that’s what she said

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**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, 1:26pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/89 "2009-11-05T13:26:05Z")

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This means I can ride out my current lease, continue to save up over the winter, and then come February-March or so, close on a house 🙂

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**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:** [November 5, 2009, 1:38pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/90 "2009-11-05T13:38:50Z")

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> [@neonglh](#):
>
> This means I can ride out my current lease, continue to save up over the winter, and then come February-March or so, close on a house 🙂

I would start looking now, it takes a while to find the right house and in the sub $200k market its competitive from my experience.

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**Author:** ![n20junkie](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/n20junkie/32/7396_2.png) [@n20junkie](https://forums.speedlife.net/u/n20junkie)\
**Post date:** [November 5, 2009, 3:55pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/91 "2009-11-05T15:55:40Z")

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People are using this credit as the only money for a down payment. Which means the sub 130k houses are VERY tough to get, if they are in good condition. I stole the house I am closing on, and I had to jump on it the hour that I saw it to be the first person to put money on the table.

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**Author:** ![n20junkie](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/n20junkie/32/7396_2.png) [@n20junkie](https://forums.speedlife.net/u/n20junkie)\
**Post date:** [November 5, 2009, 7:55pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/92 "2009-11-05T19:55:01Z")

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Good news today. Obamaz gonna pay my more gauge.

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**Author:** ![greenbull](https://avatars.discourse-cdn.com/v4/letter/g/bc8723/32.png) [@greenbull](https://forums.speedlife.net/u/greenbull)\
**Post date:** [November 5, 2009, 8:29pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/93 "2009-11-05T20:29:05Z")

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> [@n20junkie](#):
>
> People are using this credit as the only money for a down payment. Which means the sub 130k houses are VERY tough to get, if they are in good condition. I stole the house I am closing on, and I had to jump on it the hour that I saw it to be the first person to put money on the table.

Sub 130k houses were tough to get even before any of these incentives. I was in bidding wars on 3 houses that I looked at 2+ years ago. I don’t even want to imagine what it is like now.

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**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 6, 2009, 11:19am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/94 "2009-11-06T11:19:10Z")

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100% official now, it was signed by President Obama today!

[http://www.nahb.org/generic.aspx?sectionID=1780&genericContentID=128298](http://www.nahb.org/generic.aspx?sectionID=1780&genericContentID=128298)

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**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 6, 2009, 11:27am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/95 "2009-11-06T11:27:07Z")

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> [@theblue](#):
>
> I better get back to work then so I can pay for your downpayments with my taxes 😃

:word:

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**Author:** ![Paulo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paulo/32/7328_2.png) [@Paulo](https://forums.speedlife.net/u/Paulo)\
**Post date:** [November 6, 2009, 11:33am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/96 "2009-11-06T11:33:02Z")

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Good news. Maybe I’ll actually take advantage of this next year.

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**Author:** ![AngryHero](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/angryhero/32/7495_2.png) [@AngryHero](https://forums.speedlife.net/u/AngryHero)\
**Post date:** [November 6, 2009, 2:17pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/97 "2009-11-06T14:17:28Z")

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I was waiting for them to extend it.I knew they would.Now i have a good chunk of change saved up for a down payment

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<div class="post-metadata">

**Author:** ![dubbin91](https://avatars.discourse-cdn.com/v4/letter/d/ecccb3/32.png) [@dubbin91](https://forums.speedlife.net/u/dubbin91)\
**Post date:** [November 6, 2009, 2:24pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/98 "2009-11-06T14:24:52Z")

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yay, lets extend a retarded plan :fail:

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**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:** [November 8, 2009, 12:48am UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/99 "2009-11-08T00:48:58Z")

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yay, lets tank the housing market :fail:

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**Author:** ![n20junkie](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/n20junkie/32/7396_2.png) [@n20junkie](https://forums.speedlife.net/u/n20junkie)\
**Post date:** [November 9, 2009, 5:01pm UTC](https://forums.speedlife.net/t/8k-home-buyer-tax-credit-extended-post-94/75109/100 "2009-11-09T17:01:34Z")

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> [@dubbin91](#):
>
> yay, lets extend a retarded plan :fail:

Oh its so very retarded. But if I gotta pay into the system with taxes, I might as well get my money back by using it.

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