If you were a first time homebuyer and bought a house between April 2008 and December 31, 2008, you were entitled to receive a $7,500 tax credit that MUST BE REPAID over a period of 15 years.
If you were a first time homebuyer bought a house on January 1, 2009 through Dec. 31, 2009 you were eligible for an $8,000 tax credit that DOES NOT HAVE TO BE REPAID.
This is NOT FAIR. We need to pressure congress to eliminate the requirement that the 2008 tax credit must be repaid. Personally, I bought my house in November. If I had waited two months, I would not have to repay. This is not fair.
Sign the petition, write your congressman or congresswoman, let's do something about this injustice!!!
If you were a first time homebuyer and bought a house between April 2008 and December 31, 2008, you were entitled to receive a $7,500 tax credit that MUST BE REPAID over a period of 15 years.
If you were a first time homebuyer bought a house on January 1, 2009 through Dec. 31, 2009 you were eligible for an $8,000 tax credit that DOES NOT HAVE TO BE REPAID.
This is NOT FAIR. We need to pressure congress to eliminate the requirement that the 2008 tax credit must be repaid. Personally, I bought my house in November. If I had waited two months, I would not have to repay. This is not fair.
Sign the petition, write your congressman or congresswoman, let's do something about this injustice!!!
We signed the "2008 $7,500 First Time Homebuyer Tax Credit" petition!
# 236:
6:36 am PST, Nov 13,Justin Murphy, New York
When I found out that there is a $8000 tax credit that does not have to be paid back for home buyers this year, I was furious. It is incredibly unfair that I have to pay back the $7500 from last years program, and everyone this year got a hand out. People who bought homes last year are struggling just as much as this year. The government has to make the $7500 "loan" disappear and we should not have to pay it back.
# 235:
5:20 pm PST, Nov 12,Brittany Reed, North Carolina
I already sent an email via the whitehouse.gov.. really don't feel like repeating myself other than saying "IT'S UNFAIR".
# 234:
1:59 pm PST, Nov 12,Liz Murphy, New York
Please support our cause. People who bought their homes in 2008 deserve the same terms as the 2009 & 2010 home buyers.
# 233:
11:08 am PST, Nov 12,Patrick O'Leary, Illinois
I believe that if you can keep extending the program than the govt. should be able to go back and change the program to make it fair for the people who took a chance and bought their first house when the economy was still falling.
# 232:
10:06 am PST, Nov 12,Micheal Eric Catmull, Nevada
Please do something about this. It is completely unfair that we have to REPAY the tax credit when hordes of new home buyers are not having to.
# 231:
9:11 am PST, Nov 12,Samuel Mattson, Florida
# 230:
9:01 am PST, Nov 12,Timothy Dowsey, Kansas
Why should someone who purchased their house less than a year later than me get a even bigger credit, but also one that doesn't have to be repaid? It should be equal. I am not so much upset that they are getting $8000 when i only got $7500, but why must i pay mine back and they don't?
# 229:
2:09 pm PST, Nov 11,Name not displayed, Georgia
We bought our house in July and had to use the tax credit to help pay for improvements. I don't think that it is fair either that had we waited a few more months that we wouldn't have to repay, yet because we bought in 2008 that we are being forced to repay the tax credit. People have struggled throughout 2008 and 2009, so it is only fair that those of us who bought in 2008 receive the same treatment as those that did in 2009.
# 228:
1:58 pm PST, Nov 11,Cristy Roland, Georgia
# 227:
1:28 pm PST, Nov 11,Thomas Simms, Pennsylvania
It is not right to allow the 2009 tax credit not to be repaid while requiring the 2008 to repay
# 225:
7:02 am PST, Nov 11,Sheree McClelland, Missouri
To be fair and help out other homeowners, the tax credit should not have to be repaid for those that used the 2008 tax credit.
# 224:
12:20 pm PST, Nov 10,Allison Ogden, California
I thought the loan was a good idea at first since we could use the money to help pay for my husband's master's degree. Now that they have a new credit this year for anyone who buys or has owned for 5 years that doesn't have to be payed back, I think it is only fair that the people who got the 2008 credit should not have to pay it back as well. Everyone who received the credit has only put the money back into the economy, which was the whole point anyway.
# 223:
10:33 am PST, Nov 10,Name not displayed, Hawaii
# 222:
10:23 am PST, Nov 10,Name not displayed, Hawaii
# 221:
10:07 am PST, Nov 10,Name not displayed, Hawaii
# 220:
9:47 am PST, Nov 10,Name not displayed, Arizona
# 219:
9:46 am PST, Nov 10,Shawna Bowman, Hawaii
People were struggling in 2008 just as we are in 2009. Do the right thing and honor the tax credit.
# 218:
9:29 am PST, Nov 10,Sharon Rider, Arizona
Please help those who need the help.
# 217:
9:17 am PST, Nov 10,Name not displayed, New York
# 216:
9:14 am PST, Nov 10,Samantha Storm, Colorado
Mr. Obama,
What good is a tax credit that has to be paid back. That is nothing more than a loan. Tax credits are supposed to help new home buyers, not cause them financial strain.
The 2008 tax credit should not require repayment by the home buyer. If it became more and without repayment in 2009, why not do the same for those who bought in 2008.
Regards,
Samantha Storm
# 215:
9:05 am PST, Nov 10,Sharon Rahe, Hawaii
I think it's unfair and unthinkable to be asking for a tax credit to be repaid. The whole point of a tax credit was an incentive to buy a home and now you are trying to take that away after the fact.
Please rethink your decision and help make "Right", the wrong that was done to those who bought a home in 2008.
# 214:
8:45 am PST, Nov 10,Marge Johnson, Arizona
Expecting the 2008 buyers to repay this 'credit' while eliminating it for the 2009 buyers is ludicrous. Once again, our failing government has its hands out demanding its people 'save' it, save big business, save the entire financial industry, save Wall Street, provide health care, etc., while putting the screws to those same people [us] for having done so. If Washington continues to refuse to listen to the people it is charged with representing, then perhaps Washington in its entirety should be fired and replaced, the same as 'we the people' would be by OUR employers under the same circumstances, and perhaps charged the same as 'we the people' would be were we to violate our 'contract' as they have.
# 213:
8:44 am PST, Nov 10,Kathy Sprinkle, Arizona
# 212:
8:22 am PST, Nov 10,Name not displayed, Arizona
# 211:
8:18 am PST, Nov 10,Bernadette Emery, Arizona
# 210:
8:00 am PST, Nov 10,Christa Thompson, Arizona
This is an outrage and completely unfair. I bought my house in July 2008 and took the credit that must be paid back. It makes no sense that people who bought a home in 2009 do not have to pay back their $8,000 credit. This needs to be changed for us or they need to re-pay theirs back just like we do.
# 209:
11:41 am PST, Nov 9,Name not displayed, Oregon
Come on- how is this fair? If we have to pay it back then those in the next years should also have to also pay it back. We missed it by 2 weeks- We were told to push for closing by the end of the year in order to qualify and then this comes out. If we can afford to hand out $8000 of free money then it should be retro to the prior year also- why do we get punished for doing our part to stimulate the failing market just because we were alittle ahead of the rest of the buyers?
# 208:
7:52 am PST, Nov 9,Jeffrey Pulinski, New York
# 207:
3:06 pm PST, Nov 7,Bethany Hagen, Georgia
# 206:
11:13 am PST, Nov 7,Beth Carroll, California
I'm a teacher and bought a home in 2008 as a first time homeowner. My husband and I were responsible, saved up the downpayment, and bought our home for a 30 year fixed rate. It is ridiculous that we have to pay back our "loan" when newer homeowners do not. WE WERE RESPONSIBLE homebuyers and feel we are being slighted. Why does everyone need a bailout? Why not have the banking industry pay back our loans as part of their punishment for putting our country in this mess in the first place? Make the banking industry take responsibility as we have!
# 205:
9:22 am PST, Nov 7,Melissa Salles, Pennsylvania
# 204:
7:29 am PST, Nov 7,Name not displayed, Massachusetts
It is very unfair that those of us who purchased homes in 2008 are still being bound to repayment terms for our tax credit when any 2009/2010 purchasers are not. This has left a very very poor taste in many people's mouths. Either all versions of the first-time homebuyer credit should be repayable or they should all not require repayment - anything else smacks of unfairness and penalizes those acted early.
