Whats the deal with the $15,000 tax incentive to buy a house?
 

The same AP story was on 3 big sites yesterday after this $15,000 tax incentive was announced. I looked for more detail... couldnt find any.

Why do I think it is much worse than it sounds?


Did anyone here catch the details?

I'm wondering if it will apply to investment properties and not just first time primary residence...

it would be much better to have a lower down payment option with the bank.

ive talked to a number of places and being "self employed" and a first time home buyer, im looking at at least 15% and to get a decent rate I need 20% down.

if i would of made the move three years ago, I was looking for a condo in LA and I only had to put down like 3%

I think the tax credit is for regular 9-5 joes to get some $$ back from their W2 at the end of the year.