this post was submitted on 07 Mar 2024
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I bought my home in 2010 using the first time homebuyer tax credit they setup after the 2008 financial crash, so I have some experience and perspective on this issue.
The tax credit I received was 8k, and my home cost 125k at the time of purchase. That home is now valued at over 3 times its original value.
They're essentially offering most first time home buyers a 1% tax credit. What a fucking joke.