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To: Sr K who wrote (93884)2/6/2009 1:53:39 PM
From: ajtj99  Read Replies (3) | Respond to of 116555
 
Unless you buy and sell by owner, the transaction costs including the real estat broker and fees could come close to the tax credit. Furthermore, if there's a new mortgage involved, the fees on that would likely make the entire process match or exceed the tax credit.

Unless two neighbors own their houses outright and transact themselves, this would not really work.



To: Sr K who wrote (93884)2/6/2009 4:10:13 PM
From: benwood  Read Replies (1) | Respond to of 116555
 
"And the encouragement to save and eventually own it free and clear."

I'd say, "And the delusion to save and eventually own it free and clear..." based on what millions of Americans did, and from which they now suffer.


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