Comments on: Home Buyers Tax Credit To Include Existing Home Owners http://www.fliprent.com/2009/10/29/home-buyers-tax-credit-to-include-existing-home-owners/ Let's talk house flipping, real estate investing, trading and taxes all in one place. Tue, 07 Feb 2012 20:47:37 +0000 http://wordpress.org/?v=2.3.2 By: fliprent http://www.fliprent.com/2009/10/29/home-buyers-tax-credit-to-include-existing-home-owners/#comment-1179 fliprent Thu, 29 Oct 2009 14:58:20 +0000 http://www.fliprent.com/2009/10/29/home-buyers-tax-credit-to-include-existing-home-owners/#comment-1179 JP I dont disagree with you but at the same time I dont think we have a choice. There was no way around creating a bigger deficit. If we had not our children may not even be able to go to college because no one could afford it. However it will be interesting to see how the fed and administration will unwind once the economy really starts to recover without the crutches... JP I dont disagree with you but at the same time I dont think we have a choice. There was no way around creating a bigger deficit. If we had not our children may not even be able to go to college because no one could afford it. However it will be interesting to see how the fed and administration will unwind once the economy really starts to recover without the crutches…

]]> By: jp moses | REI Tips http://www.fliprent.com/2009/10/29/home-buyers-tax-credit-to-include-existing-home-owners/#comment-1178 jp moses | REI Tips Thu, 29 Oct 2009 14:40:34 +0000 http://www.fliprent.com/2009/10/29/home-buyers-tax-credit-to-include-existing-home-owners/#comment-1178 My opinion: This whole tax credit is a band aid. It'll make us all feel better in the short term (it's definitely working...which is why they're looking at extending it and beefing it up) but in the long term our kids are going to wonder why we were stupid enough to harness them with the bill. It's not free money. Sure, as investors, we should exploit it to the fullest in our deals...that's what an entrepreneur does...but philosophically I think it's a bad move for the greater good. ...jp My opinion: This whole tax credit is a band aid. It’ll make us all feel better in the short term (it’s definitely working…which is why they’re looking at extending it and beefing it up) but in the long term our kids are going to wonder why we were stupid enough to harness them with the bill. It’s not free money. Sure, as investors, we should exploit it to the fullest in our deals…that’s what an entrepreneur does…but philosophically I think it’s a bad move for the greater good.

…jp

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