Comments on: A great year to be a first time home owner

By: Tax Carnival #52: Time’s almost up!

Tax Carnival #52: Time’s almost up! — Tue, 14 Apr 2009 09:16:16 +0000

[...] ChristianPF of Christian Personal Finance Blog: The 00 tax rebate for first time home owners is just one reason to buy. [...]

By: tom

tom — Fri, 10 Apr 2009 03:25:48 +0000

I would say if you can afford to keep the house then by all means go ahead and purchase one. But don’t do it for the sake of the tax credit, low interest or low house prices.

I would consider you think about the trade off you are making by buying a house instead of doing something else such as traveling, starting a business, investing, etc.

By: Jason Unger

Jason Unger — Wed, 08 Apr 2009 18:43:24 +0000

My wife and I just bought our first house — and, like you, it’s the perfect time for us.

We’ve been married for more than 3 years, just had our first baby, and are getting squeezed in our 2 bedroom apartment. Thankfully, a place we were looking at (that was previously under contract) came back on the market for $40k cheaper … right in our wheelhouse. Plus, getting the $8,000 free and a great interest rate certainly helps.

By: Greener Pastures

Greener Pastures — Sun, 05 Apr 2009 22:09:27 +0000

It’s an exciting time to be a first time home buyer!

You’ll be lucky enough to have one of the lowest mortgage interest rates ever offered.

That’s a great place to be.

By: Stephanie

Stephanie — Thu, 02 Apr 2009 03:27:35 +0000

I am also hoping to be a first time home buyer this year. As of next Monday, I will have paid off all of my consumer debt and I will be starting to save for a down payment. I’m sure that a first home is exciting for everyone, but as a single mother it feels especially exciting for me!

By: Atlas@mymoneyshrugged

Atlas@mymoneyshrugged — Thu, 02 Apr 2009 00:23:20 +0000

I am hoping to be a first time home owner as well! I am saving up for a down payment and am just waiting to see if this economy turns around and that my job is safe. I am hoping to jump on it right at the end of the tax credit sometime Nov-Dec. I might even wait longer if the government extends that date. The most important decision is that we have job security before we go and purchase a house.

By: chef

chef — Wed, 01 Apr 2009 22:16:44 +0000

@Bob Wow, impressed that you updated the post. My frustration shouldn’t have been directed towards you. Background: I’ve been frustrated by friends lately who think that even the smallest things are God’s calling for them to take action in a consuption-obsessed society. For example, someone NEEDED an iPhone and they got a rebate from the insurance company for the $75 that they were short. This indicated it was “God’s will” to my friend. Hardly God’s will IMHO. I think you’ve got the right approach. I bought my first home and closed on 4/14/08, a week inside the $7500 credit. I considered it more luck,

By: A great year to be a first time home owner | The Wealthy Soul

A great year to be a first time home owner | The Wealthy Soul — Wed, 01 Apr 2009 20:19:22 +0000

[...] is the original: A great year to be a first time home owner Share and [...]

By: Bjorn

Bjorn — Wed, 01 Apr 2009 19:55:42 +0000

We did buy our first home last year, but it was in March 2008 – we do not qualify for the credit because it was effective April 1st 2008 I believe. So close!

By: bob

bob — Wed, 01 Apr 2009 18:38:38 +0000

Thanks Chef,
After re-reading it, I can see what you mean… My intention wasn’t to say that people who bought 4 years ago were stupid, because like you said it very well could have been the right time for them. But for me it clearly wasn’t, and just like me writing that I find myself doing stupid things sometimes

I appreciate the heads up and I changed the post to reflect more of what I meant to say…