As you can see from the title of this blog post, I’m a bit angry that this program didn’t exist when I bought my condo 2 years ago. With that being said, if you’re looking to buy your first place this is a pretty sweet deal. Not only can you write off the mortgage interest you pay for the first 3 years but you also get this $8,000 tax credit on top of that? Looks like someone’s going to get the tile they wanted for the kitchen.

Seriously though, this program is over very soon but by all accounts it looks like it will be extended. I even included a link from businessweek that points out why. Check it out. Read all you can about the tax benefits of home ownership and it will make your decision much easier.

http://www.businessweek.com/blogs/money_politics/archives/2009/10/expanded_home_b.html

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