New Homeowner
I purchased my home on August 3, 2009. After contemplating a wide variety of variables including the $8,000 First Time Homebuyer Credit tax credit, I decided that it was an appropriate time for me to make such an investment and work towards my future. Without the tax credit as a very strong incentive to make such a purchase, I can say with certainty that I would not have bought a home. After my closing, I kept track of the items I bought for my home, including dishes, towels, paint, furniture and home decor. I purchased a majority of these items at local retailers. In total, I spent nearly $2000 on making my new home mine. I feel that this stimulus money certainly enticed me to jump into the housing market and generate revenue for locally-owned businesses.
Now that tax time is upon us, I am in the midst of filing for my tax refund, including my First Time Homebuyer credit. I look forward to putting that money back in the bank. In addition to purchasing a home, I’ve decided to return to school and seek my Master’s degree in Public Administration.
Without President Obama’s First Time Homebuyer Credit incentive program, I would not be a homeowner or a graduate school student today.
Lauren
Tags: Economic Stimulus/Jobs