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Unformatted text preview: tax cut for first time homebuyers. Beings the economy is hurting the housing market at this time has the lowest interest rates, some are flexible, and some are fixed. This means if the inertest rate is 5% fixed it will not go up once the economy picks up or when the housing market fluctuates. This influenced my decision with the incentive as this is the best way. The low interest rate and the government tax cuts at the end of the year. The little to no down payment helps when someone only has a little money to put down on a new home. The cost of something is also a good thing, as it makes people (me) stop and think before buying....
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This note was uploaded on 03/05/2011 for the course XECO 212 taught by Professor Cohen during the Spring '10 term at University of Phoenix.
- Spring '10