Excerpt from: Luxury Ski Resort Real Estate
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| February 05, 2009 | | Tax credit added to economic stimulus bill | The Senate has been making it a point to make some changes to what is offered in the economic stimulus bill. One of the biggest changes was announced earlier today: A $15,000 tax credit for homebuyers.
Unlike past incarnations of this credit, this new tax credit would actually be available for any homebuyer -- on any home bought in 2008 and 2009. This $15,000 tax credit would be paid over the course of two years ($7,500 each year).
It looks like buying luxury ski resort real estate might be the thing to do in the coming months -- if the economic stimulus bill passes. After all, with a hefty tax credit and a 4% mortgage rate, it'll be hard to beat the deals.
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