Youtube started as a place for the average Joe to post a video about anything. The site became popular as ‘funny’ videos were shared between friends and soon Youtube had millions of people posting videos, watching and sharing them. Some people have even managed to become famous through their videos.
The National Association of Home Builders is embracing the popularity of YouTube and using the channel as a great way to educate new home buyers. On the NAHB YouTube profile, you can find great up-to-date information about current issues concerning home builder and buyers, like green building, building with concrete, modular homes and more.
And of course the NAHB posted a video going into great detail about the $8,000 first time home buyer tax credit. I am sure it won’t surprise you to know that this particular video has attracted the eyes of over 10,000 visitors, making it the most popular of all the NAHB videos. It is about seven minutes long and answers a lot of questions potential home buyers may have about the tax credit.
Robert Dietz, an NAHB tax economist gives detailed, yet simplistic answers to questions home buyers might have about the tax credit.
Some of the question are:
- Who’s eligible to claim the credit?
- How does it help you?
- What kind of homes qualify?
- How is the amount of credit determined?
- What is a partial credit?
- When can you claim the refund?
- How is the 2009 credit different from the 2008 tax credit?
More informative and interesting videos can be found on the NAHB Youtube page and website. They don’t take long to watch and they really are helpful if you have questions. Also, additional information about the tax credit can be found on the Federal Housing Tax Credit website.