Just when I thought the muppets and clowns up in Washington were going to kick some dollars our way, we get to the fine print. Word on the street has been that the wise and powerful senators are going to extend the homebuyer tax credit to include current homeowners! Yay, free money for me (from you and me and our kids and their kids)!
But wait...there's more!
You have to have lived in your current home for at least 5 years
The credit is the lesser of 10% or $7,290
Sensible buyers like Bri and myself, who happened to purchase in the last 3 years, get nothing for nothing. No credit, no free money, just more debt slavery, rewarding the imprudent, the foolish, the wasteful, and the schemers at the top.
Get this, if some ****head and his foulmouthed freeloading wife have lived in their $600,000 home for at least 5 years, they can trade up ...and TAKE MONEY OUT OF OUR POCKETS to buy their new 5 bedroom, 6 bathroom colonial...but people like you and I get squa-doodly.
Granted, some of the folks who can take advantage of this are hard working honest citizens. But seriously? We need to give more tax breaks now, with 11 trillion deficit and 1.4 current year? A trillion is a million million, you know? A billion is 1000 million. Let's just give free money out for everything. Want a puppy? Tax break! Want a pet zebra? Tax break!
Want a new diamond necklace for your girlfriend to support De Beers and corrupt import exporters in NYC?
To folks who can buy an $750,000 home AS IS to 'stimulate the economy'?