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  • Correction - $7500 Tax Credit Is Really a Loan.....

    The recently passed housing law contains a $7500 tax credit for first time buyers but it must be paid back over 15 years. In an  earlier post, prior to passage, I stated (wrongly) that the new law would allow buyer of properties a tax credit of $7500 ($500/year). First time home buyers can get a $7500 tax credit but must pay it back ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on August 7, 2008
  • HUD Attempting To Stop Down-Payment Assistance Programs - A Time For Action

    The Department of Housing and Urban Development (HUD) has re-issued a proposed rule which would threaten the opportunity for low to moderate income families to access downpayment assistance by eliminating all private downpayment assistance programs. The public comment period ends August 15, 2008. "Preserve private downpayment assistance ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on July 15, 2008
  • Has East Contra Costa Seen The Worse Yet?

    A recently published article in the Brentwood Press is amongst the first signs that our media is beginning report that Brentwood and East County may be through the worse part of this market and some of the results of the planning by Brentwood's elected officials. You can read the article at ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on June 21, 2008