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I don't know how else to take this (from The New York Times). They will pay first-time buyers to buy a house: "BREAK FOR FIRST-TIME BUYERS If you are buying a home for the first time, and it is your primary residence, you are eligible for a federal tax credit of $7,500 or 10 percent of the purchase price, whichever is smaller. With a tax credit, you subtract the credit amount from the total you would otherwise pay to the Internal Revenue Service. So if you owe $1,500 and you qualify for the credit, you would end up getting a $6,000 refund."
Full article: http://www.nytimes.com/2008/07/25/bu...5money.html?hp
Full article: http://www.nytimes.com/2008/07/25/bu...5money.html?hp