Lots of you want the home buyer tax credit back
I suspect a lot of people who tried to buy a home by April 30 -- but couldn't -- have stopped by this blog recently. Nearly 70 percent of the folks who took this poll about the home buyer tax credit wish Congress would extend it again.
The second most popular answer, with 14 percent of the vote, was: "I wish it was never approved to begin with."
About 9 percent thought April 30 was the right time for the credit to end, 6 percent wish it had ended months ago and the remaining handful really don't care one way or another.
Reader M.R. is among those sorry that the credit expired. "In the past 3 years I got my credit score ... up over 100 points but with so many people making offers right now, once I finally got a loan approval, it was basically too late," M.R. wrote. "It does kind of suck watching everyone I know take advantage of the credit and to know I did everything I could but I wasn't able to get it."
Darwin Rules -- who thinks home prices still have a long way to fall -- suspects M.R. will be better off for waiting. "An $8K tax credit will look like peanuts compared to what you will save in another 12-18 months."
I polled you because I knew there were strong feelings on both sides of the issue, not because I think an extension is likely. The key proponent of the extension last fall was Sen. Johnny Isakson, and his office reiterated on April 30 that he's not in favor of another round.
Here's a follow-up poll for curiosity's sake: