Watch for the government's BAIT & SWITCH for first-time home buyers!
By Kent Anderson, from Schweitzer to the Lake
(Coldwell Banker Resort Realty, Sandpoint, Idaho)
Watch for the government's BAIT & SWITCH for first-time home buyers! I love being a hero. I sold a great home to a wonderful couple in 2009. ...their dream home, in fact, and they have no plans to let it go. Life is good for these first-time home buyers. They got their tax credit, paperwork went smoothly...the system actually worked. ...or so we all thought. As we know, the economy has not been our friend the last several years, hence the introduction of the First-Time Homebuyer Tax Credit (FTHBTC). In these trying times, people have had to be rather creative to make ends meet and the FTHBTC afforded many young couples the opportunity to own a home they may not have otherwise been able to purchase. The problem, of course, is that job stability has become a slippery slope. Most...