Common Craft Blog
$8,000 First Time Home Buyer's Tax Credit - Explained By Switch Web Video
By leelefever on October 06, 2009 - 8:44am
Switch Web Video, a member of the Common Craft Explainer Network, recently published a new and timely video about the $8,000 First Time Home Buyer Tax Credit.
Here's what Andrew Angus, Principal of Switch, had to say about the project:
Working with Washington REALTORS on this video about the $8000 First Time Home Buyers Tax Credit was a dream. Steve was an excellent client. He knew what he wanted but he also gave our team the room do work their creative magic. The video has been a huge success with custom versions created for over 40 REALTOR Associations in the past couple weeks. Steve has generously offered to allow anyone to download and use the $8000 First Time Home Buyers Tax Credit Video for free.
The Common Craft Explainer Network is a group of video producers that specialize in making custom explanatory videos. The Network currently has six members that represent a number of skills, styles and formats. If that chunk of text on your home page just isn't doing the trick anymore, contact an Explainer Network member.
Big Deal
I purchased a house for $7000.00 and put $20,000 into it. I am only getting 10% of the purchase price. That's only $700 bucks. I put 4 people to work rehabbing the place and I get no credit for that. No wonder we have no new jobs!!
How about a tax credit for creating a job?????
i dont know how u are getting credit
because is for first time buyers. Looks like you are flipping that property for profit.....
Big Deal 'Steven Pruner'
Here in the UK there is no help for anyone buying a home - first time or otherwise. Actually that is not quite correct because if you are an Member of Parliament you qualify for a second house (within easy commmute of the capital) fully funded by the tax payer. What a nonsense - come back Guy Fawkes. You may have heard recently of how the system has been abused including flipping properties to gain a profit. Each time a new residence is bought the tax payer foots the bill for re-furbishment.
In Stevens case the true purchase price was more like $27,000
and if common sense prevailed the rebate would have been $2,700. After all if Steven sold the house to a fist time buyer after the re-furbishment he would surely have asked for at least $27,000. and the new buyer would get a rebate of $2,700.
Obviously our two governments have a lot in common and it is not all good!