Comments on: The $8000 tax credit has made first time purchasers in New York absolutely insane http://www.danielgershburg.com/blog/the-8000-tax-credit-has-made-first-time-purchasers-in-new-york-absolutely-insane/ Legal Services - Personalized Attention - A Commitment to Excellence Mon, 06 Feb 2012 17:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jerry91 http://www.danielgershburg.com/blog/the-8000-tax-credit-has-made-first-time-purchasers-in-new-york-absolutely-insane/comment-page-1/#comment-1415 jerry91 Fri, 07 May 2010 04:22:21 +0000 http://www.danielgershburg.com/?p=640#comment-1415 Why give up on free money? Why give up on free money?

]]> By: jerry91 http://www.danielgershburg.com/blog/the-8000-tax-credit-has-made-first-time-purchasers-in-new-york-absolutely-insane/comment-page-1/#comment-1383 jerry91 Thu, 06 May 2010 23:22:21 +0000 http://www.danielgershburg.com/?p=640#comment-1383 Why give up on free money? Why give up on free money?

]]> By: Buying House http://www.danielgershburg.com/blog/the-8000-tax-credit-has-made-first-time-purchasers-in-new-york-absolutely-insane/comment-page-1/#comment-1382 Buying House Thu, 06 May 2010 12:43:23 +0000 http://www.danielgershburg.com/?p=640#comment-1382 You make a good point, on the grand scheme of things, $8,000 in comparison to a purchase price of $600,000 is really nothing but a dent. However, you fail to mention that it's an $8,000 credit, which puts money in your pocket today, as opposed to being amortized over the life of the loan. I don't remember all the Present Value formulas, but $8,000 today is a lot more meaningful than a purchase price of $600K - $8K = $592K. You make a good point, on the grand scheme of things, $8,000 in comparison to a purchase price of $600,000 is really nothing but a dent. However, you fail to mention that it's an $8,000 credit, which puts money in your pocket today, as opposed to being amortized over the life of the loan. I don't remember all the Present Value formulas, but $8,000 today is a lot more meaningful than a purchase price of $600K – $8K = $592K.

]]> By: jenisebhruvel http://www.danielgershburg.com/blog/the-8000-tax-credit-has-made-first-time-purchasers-in-new-york-absolutely-insane/comment-page-1/#comment-1378 jenisebhruvel Tue, 04 May 2010 12:01:33 +0000 http://www.danielgershburg.com/?p=640#comment-1378 Not that the 8,000 will make or break your ability to buy a house, but I didn't know if you were aware that you don't have to pay 8,000 in income tax to get the credit. It is a credit versus a tax deduction.I still just have a huge problem penalising the responsible while rewarding the irresponsible. Either get everyone's mortgage marked down or no one's.<br><br><a href="http://www.bfirstrealestate.com" rel="nofollow">richmond virginia new homes</a> Not that the 8,000 will make or break your ability to buy a house, but I didn't know if you were aware that you don't have to pay 8,000 in income tax to get the credit. It is a credit versus a tax deduction.I still just have a huge problem penalising the responsible while rewarding the irresponsible. Either get everyone's mortgage marked down or no one's.

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