Some say they did it the right way and without a tax credit X amount of years ago. Well, so did we. And we stayed out of debt. Kept our home. Now our home is worth $40,000 less on the market.

We need to sell our home due to hell problems I am having. I can't handle the stairs anymore. Although we stayed out of debt and are doing ok today, we weren't able to save while raising 4 children. Part of our American Dream was that our house would appreciate in value so when we sold we would have a good down payment on our next home. Not true anymore.

Now people are having to lower their prices down to the rates of the short sale houses or sold as is houses to get them sold. Often the sellers are losing money after investing money to fix up those homes to sell them.

First time buyers averagely are able to get a loan of what? around $225k – $235k – often less. This is causing first time buyers to buy homes in pretty bad shape. What happens when things start breaking down? First time buying ate up all their savings? Do we want them to end up so badly in debt they end up losing their homes causing further crisis? The tax credit is helping some of these issues from happening.

Now we need to extend it to all home buyers to be fair. They paid taxes too.

To the person who said they could use a million and sell their house to their brother etc and then back – think again – you can only get one credit. Spend more time thinking and less time living in ignorance.

Why should all home buyers get the credit? Think about it. We are drastically bringing down the value of homes the way the tax credit exists. Those wanting to sell their homes or to even refinance are losing options because now their homes aren't worth squat due to the short sales and those lowering their prices to sell to the first time buyers. Those who have had a home and held a home for years deserve a break too. If we sell we will lose a large amount of money on our homes. Yet we have proven we can keep a home without debt. Without losing our homes. Why wouldn't we want to promote sales to them and increase home sales further up in market value?

At present if I sell my home at a price someone will buy it I will lose money on the deal and not have a down payment. If I don't sell my house I will suffer in pain traveling up and down the stairs.

We're not beggars asking for hand outs. We are people who lived the American Dream. Bought our first home. Expected it to be a step up in the right direction. Why should just the first time buyers get incentives? We need to increase and expand home sales. And we are not greedy to ask that some of our tax money get used for some good to help people. We give tax money constantly – why shouldn't some of it be given back in bad times?

There was a time when there wasn't any tax in America. We gave when it was needed. Let America help us now in our time of need.

I'm the guy who should be moving up to a bigger, better home – but instead, I'm bringing a huge check to the closing of my condo because I chose to accept a job offer that took me and my family from Chicago to the west coast.

Here's the deal. My wife and I both put ourselves through college. We met in college, and started our marriage off supporting each other through graduate school. We both have good incomes and purchased a condo that was well within our means (mortgage is 1/4 of our monthly income as recommended by most financial gurus).

Here's the deal… A few months ago, I got a job offer from the most prestigious employer in my industry. It was a job I had been gunning for for years… and it was 2000 miles away.

Condo to sell in the worst housing crisis since the depression.

New baby just turning 6 months

No job leads for my wife in this new location (fortunately she just got a good offer)

….I took it.

It was an insane decision, but living with the regret of turning down my dream gig would have been a far worse reality.

Needless to say, even though we put 10% down on our chicago condo back in 2006 – - – well, we bought at the peak and had to sell at the bottom. We're closing in september for 20 percent less than what we bought our place for 3 years ago.

So here's the big slap in the face: I play by the rules, I live within my means, I take a new job in order to further my career and better my means, and I get screwed.

I didn't default on my mortgage and get to short sell it with the difference forgiven because of the economic climate. NO – - I care about my credit. I'm showing up to the closing table with a huge check to write.

I'm the seller who, if the economy was still somewhat decent, should be receiving money at the closing AND who should be buying up for my family.

Not my luck. I'm just a 31 year old guy, at a mid-level in my career, doing my best to get to the top – - – and in the process of playing by all the rules and doing it all on my own – - –

I'm forced to eat some dirt.

I'll eat my loss, and move on with my life. And I'm sure the loss from this move will stop stinging with time and we might even laugh about it someday in the future… But for now I feel like I was duped by an American dream with a false bottom. It's kind of sad when your dreams for success no longer mesh with what is supposed to be American ideals. Hear that? It's our forefathers rolling in their graves.

So are we being greedy? I don't believe so! I think we have worked hard and 7 years or 10 years down the road things change, familes grow. If thigns in teh economy were on a normal path we could sell and uprade but we can't sell so how can we buy? Perhaps if we are assisted with a down payment then we can buy. The problem becomes the down payment! People don't have the money! If there is a credit that will allow down payment assistant then we can start buying, which in turn means people can start selling. Things can start moving. Those in apartments can move into starter homes those who have out grown those starter homes can move up to more apporiate homes for thier familes now.

I am sure it has a cost. It sucks that it does but everytrhing in life has a cost. If we can't move up and we can't buy how can we sell? If we cant buy or sell how does anythign change? Somethign has to change! People don't have extra money right now, many people are loosing thier jobs! Those who have money are afraid to use it because if they loose thier job thats all they have to live off of! So yeah I dont think it's being greedy I think it's called trying to survive!

I have paid all my bills and my mortgage faithfully for the last seven years I have owned my home. I have worked hard to do this. I bought a townhome before my husband and I were married. Were now married have two kids and two dogs. We are in desperate need of a single family home and a little bit larger home compared to a townhome. We nave no yard. No parking. No basement. NO garage. And again No yard. That's one of the biggest things when you have kids and dogs. They need room to play and run.

We can't sell our home because of the market. We have lost so much money in equity. So before the homes were outrageously priced in our area and it was hard to get a home loan and move to a single family home because the cost was up so high. On the otherhand our townhome was worth anywhere from $230K-$250K. So event then you were cuaght in a catch 22 and it's the same for now. The home prices are low but we dont have the money to put down on a bigger home and we can't sell our current home. We also can't use equity or sale money to put down on our next home because again we can't sell our current home and even if we could we wouldn't make it any money because the prices are so low now. Also with the first time home buyer I could qualify because I owned my townhome. My husband has never bought a home and is not on our current townhome. It's only in my name and as I said I bought it before we were even married 7 years ago. So we tried to see if maybe he could buy us a single family home and we could use the $8,000 tax credit. The problems we ran into were. First off you couldn't use the tax credit as a down payment and that's one of the biggest problems because people just don't have the extra money for that at this time. The other problem was even though he was an true first time home buyer he didn't qualify for the credit anyhow because he is married to me who owns a home. So were still stuck in our little townhouse. IT SUCKS!!!

We desperataly want out! We just want to get into a single family home that will work for all of and give our kids a yard to play in as well as our dogs. Our townhouse community doesn't even have a park or club hosue or anythign for the kids to even play. The only place they have to ride bikes or play is in the street and that's not safe! So I REALLY hope this bill gets passed because then my husband and I can both go into buying a bigger single family home like we really need now. If we have to sell and not make money then that's fine. It sure does suck because we have fought so hard to pay our bills and do things right the last 7 years and it feels like we get nothign out of that.

It does feel like those who have done the right things and work hard to do for themselves get screwed. Those that didn't pay thier bills regardless of why are the ones getting helped out. There are plenty of people who knowinly took on loans they couldn't afford or just didn't care to pay and they are the one's getting the help. Meanwhile you have people who were responsible took what they could afford and struggled to pay thier bills even in tough times and they get no help! It hardley seems fair. Plus we can't even sell our homes now and uprade if we want to because we have no money left in them. It's not right! We deserve a break too. I am not asking to get rich. I am asking to have the chance to own a home that my family needs. I have done things the right way and I have worked hard but I still can't move up. While those who didn't work hard or just let thier bills go are gettign the help. Does that seem fair?

Now for the truth, reverse fractional banking is the system we use that enable us to print as much money as we can without ever going broke. The taxpayer is not actually going to end up paying this bill, because every time we print money it is lent not given.

These bailouts are NOT GIFTS they never were. They were loans, and these companies are being pressured now to run tighter ships thanks to these large loans. The tax credits are really ways for government to focus stimulus into a slumping part of the economy in this case housing. Politicians know this but hope to gain political points for playing the game.

Does anyone really know what truth is, or course not it’s up to you to judge and the status quo society we live in does a dang good job of making sure the majority will follow suit with the Jones and we create our own recessions, because we believe and then everybody reacts and the end result is a real problem everyone can see, feel, and enjoy because if everyone reacts then the real world result will change from good to bad.

Rumors of insolvency are the cause of recessions and depressions, and this form of self fulfilled prophesies is an amazing example of how others can control the world. Anyone can do it, cry wolf; then get enough people to believe in what you say and you control the world !!! With the internet it’s not that hard to do.

The system is designed to handle; via free market any amount of money they wish to print. They hope with scare tactics to get us all to believe otherwise. The goal is one world order and one world currency, which is great for us all because then we will never have another recession or depression again!!! Stop watching the news, get some insurance coverage to protect your investments and live the way you were three years ago and everything will be just fine. The more BS you believe the more you will make it happen it’s elementary.

The market spends when it can, and does not when it can’t but everyone is not doing this at the same time and with new population everything sorts itself out just fine.

Here is some truth which is hard to swallow, the free markets are really giant money fields which when people plant their money and the super wealthy are ready to reap their harvest invest all kinds of crisis to cause an imaginary loss of money to flow from your pockets to theirs. If you look closely at all of the recessions you will see a massive increase in stock investing but the giant casino is designed like any other for the house to win.

Now the question is who is the house? Poor people (fools) invest (plant their money) then the house with all of it’s forces (financial experts) has the job to get everyone to believe there is a problem so that they can reap the profits and start all over again almost every seven years. Rich get richer, and the poor get poorer it’s the American Way….

There is really no problem here, no recession or depression it's all a rumor and illusion. If again enough people believe or live in fear that we have a problem then by virtue of self fulfilled prophesy we do.

This tax credit will actually help a recovery, they have taken the money, now they are planting for the next harvest, GET IT???

Everyone's flipping out about how our government is giving away their tax money – well guess what's – there's nothing new there – they've been giving it away since day one and always will. From land grants to the well-to-do that founded this country to land and mineral rights to the robber barons that owned railroads, to tax breaks, etc to million and billionaires, our government has always taken from the middle class and given to the rich ( and a few bones for the poor as well, just enough to keep them from starving or starting a revolution)

So forget the hype and the talking heads on the boob tube and just do the right thing for you and yours. Don't donate to politicians, don't pay bank fees, don't play the lottery, don't abuse credit cards, don't invest in crazy schemes or scam artists. Put your money in index funds, money market accounts and your local credit union. Live debt free and enjoy yourselves, you only go around once.

Any type of program that rewards one type of home purchase is unfair. We just bought a house but because I owned a condo (my wife had never owned) and earned too much due to the cost of living in CA, we are excluded from any incentive. We want to stop rewarding people for not saving enough money to actually buy a place as that only leads to problems later. Had many people bought only what they could afford (we put down 40%), we wouldn't need bailouts today.

At $30K per swap for each of us, we could repeat this every two weeks [to give time for recording and possession rules to play out], and cash out $30K*26 = $780,000 this year!

Pass this law…I really could use the million…

Do I understand that correctly?"

It has nothing to do with whether this guy is Republican, Democrat, Libertarian, Independent, or anything else… This credit goes against the free market/capitalistic ideal which our economic system is based on. Anybody who thinks the free market is the best way for an economy to run (which is one of the common themes of the Republicans) should think this credit is not a good idea. Why? Because it is a redistribution of the wealth… Those who don't pay in $15K/year or more in taxes will get money from those people who pay in >$15K/year. Socialism at work. Anti-republican & anti-free-market thinking. The republican senator who proposed this needs to rethink his political affiliations if he really thinks it is a good idea to rob Peter to pay Paul.