Venice Bits

This is a lucrative benefit for any current prospective buyers of a  residential home.

Both credits apply to a home purchase  prior to April 30, 2010 and close by June 30, 2010.   Income limits are $125,000 (single ) and $225,000 (married).  Any home that will be used as a principle residence will qualify for the credit, provided the home is purchased for a price less than or equal to $800,000.  This includes single family homes, townhouses, condominiums, manufactured homes (mobile) and houseboats.  Purchases between family members does not qualify.

The existing home buyer credit is up to $6,500, ($3,250 married filing separate).    For existing home owners you must have owned and occupied a residence for at least five consecutive years out of the past eight to qualify.  

First time home buyers can receive a credit  up to $8,000, ($4000 married filing separate).  It's an wonderful benefit for those buyers who are able to take  advantage. 

I was able to attend Nik Wallanda's walk from Watergate to The Ritz Carlton and it was everything you  would expect and more.  Right at 9:00 a.m.  he did a quick wave to the crowd and began his walk on the wire.  It was a 600 foot walk at 200 feet in the air.  Periodically about 4 times throughout his feat he would stop, kneel on the wire and wave to many cheers from below.  Early on he laid down on his back on the wire.  Unbelievable!  He completed the walk in about 20 minutes, jumped up on the Ritz Carlton ledge, with a final wave to a thunderous applause.  It was so exciting!!  I hear he he considering walking over the Grand Canyon. 

Yesterday, I ventured down to dog beach to let my furry friend race around and lots of other owners had the same idea.  It was nice to see everyone there.  It was a sunny day on the beach and hopefully we'll have many more this February.

Will write again soon, Alice