America Recovery and Investment Act

[Flynbyu]

It's passed, and in the books. So where does the money go and when does it start to flow?

There is now a website where citizens can track every dollar spent and every job created. There is also an area to weigh in with comments and questions.

Link: http://www.recovery.gov

Personally, I don't see how they will track every dollar, but it's something we've never seen. For an administration to take an extra step to create a tool for all of us to use is really cool in my opinion.

~Brian

[Krandall]

Do you know any of the specifics as far as new home buyers go?

[Flynbyu]

Check this link : http://www.federalhousingtaxcredit.com/

~Brian

[Krandall]

A Guy just sent me this link:
http://money.cnn.com/2009/02/13/real_estate/homebuyer_tax_credit_finalized/index.htm?postversion=2009021712



Pretty Cool

[socalrappy700]

They just had to change it to first time buyers only.   

[Flynbyu]

They just had to change it to first time buyers only.   

I wish it were for everyone, but I'm sure investors would have snatched up properties left and right. They could have put a clause in it for a certain number of properties to keep people from abusing the credit.

~Brian

[socalrappy700]

They just had to change it to first time buyers only.   

I wish it were for everyone, but I'm sure investors would have snatched up properties left and right. They could have put a clause in it for a certain number of properties to keep people from abusing the credit.

~Brian

I'm sure it would get out of control, but I like that idea of setting a limit.  I just wanted it for my new house.

[Krandall]

Yeah, that sucks for you E  

[socalrappy700]

oh well, I'm going to cash in on the window credit.