What if all the Senators, Congressmen and Congresswomen paired up with a representative from the housing industry and had a play date to solve the perplexing puzzle of the home buyer tax credit extension? As it currently stands, the House will propose a tax credit extension bill that the Senate dislikes; the House brings up ideas the Senate shoots down; the Democrats don’t like the Republicans, and the Republicans don’t play with Democrats. Man, Washington is complicated.
Here’s how the Home Buyer Tax Credit Extension Puzzle Game works:
Each politician gets one of the following people to play with: Realtor, builder, title company rep or mortgage loan officer.
The politician must listen, truly listen, to the suggestions and ideas from his/her playdate. The playdate’s decision is final.
They select one puzzle piece from these four categories:
P / Participant: Decide who is eligible for the tax credit?
1. First-time buyers and those who haven’t owned in three years.
2. Current homeowners who have lived in their home consecutively for the last five years.
3. 1 only.
4. 2 only.
5. 1 & 2.
P / Price: Decide how much the credit will be?
1. Keep at 10% of sales price, not to exceed $8,000.
2. Give current homeowners $6,500.
3. Give everyone up to $15,000.
4. 1 & 2.
P / Paycheck Decide the maximum home buyer income to qualify.
1. Single income less than $75,000; couples $150,000.
2. Single income less than $125,000, couples $225,000.
3. No income limitations.
P / Penalty Decide how long buyers need to keep their home before selling it and incurring a repayment penalty?
1. Keep it at least three years before selling.
2. Keep it at least two years before selling.
3. Remove all sales penalties.
Upon deciding the winning piece for each category, the perplexing home buyer tax credit extension puzzle is solved, and Americans continue buying homes to stimulate the economy! It’s that easy.
Jan Sperry Astani
Marketing Director
Home Creations
homecreationsblog
Lindsay Badger
Matt Lundy
Jan Sperry Astani
