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Self Occupied Housebuyer Credit, Congress Approval Is Not Required
2011 Jun 26, 9:18am 2,271 views 5 comments
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Schizlor
@
2011 Jun 27, 3:36am
Schizlor
@
2011 Jun 27, 3:36am
An extra $1,200 for the agent?? Are you fucking kidding me?
So let me get this straight.....The buyers are goosed into the purchase by having that 3.5% downpayment completely eliminated by subsidy, and the agents are still collecting their 6% commission on the purchase...and we are going to throw an extra twelve-hundred dollars at the agent for doing.......absolutely nothing?
I'm about to grab my torch and pitchfork and head to the National Mall...
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http://www.latimes.com/business/realestate/la-fi-harney-20110626,0,7587312.story
This time, the credit will go toward your closing cost. If you don't take this opportunity to buy the house at high price, they will steal more of your tax dollar if they don't get the price they want. Head, you lose. Tail, they win.