Comments on: Isakson Introduces Legislation Offering Tax Credit to Homebuyers

By: Joyce McDowell

Joyce McDowell — Thu, 13 Mar 2008 19:05:38 +0000

I think this is a tremendous incentive – curious how and when this will be implemented
Being a mortgage broker for about 1/4 of a century, have noticed potential borrowers are more in debt than ever and can’t qualify as easily because of higher debt ratios and lower credit scores – needs to be some credit policy adjustments in the consumer debt arena – car note scams and revolving credit have gotten many of my prospects in trouble and they cannot purchase because of it – hopefully the tax credit will lessen the loan to those that can qualify.

By: Tim Lehmann

Tim Lehmann — Thu, 07 Feb 2008 03:56:04 +0000

This may be good for builders and banks but for those of us individual citizens it is a killer. Already there is an incentive to buy a new home – it’s new. Already there is an incentive to buy a foreclosed home – theoretically it is sold at a discount. Those of us needing to sell a home are simply out of luck if the federal government decides to pay people $15,000 not to buy our homes but instead to buy from the banking and building industries. I am all for incentives and let’s get this housing market moving again. Just don’t leave us individual citizens out there to die.