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It’s official. Vantage Pointe has refunded deposits to buyers and is changing the way they approach selling the development. Buyers were unable to secure financing since the lending laws require that 70 percent of the units in a development be presold. The largest San Diego condo project has been 4 years in the planning, and now needs to revamp their plans.
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So what is the story with the stimulus and the tax credit for first time home buyers anyway? How different is it from the tax credit that already exists? Originally, a $15000 stimulus credit was discussed, one that would be open to all home buyers who had not purchased within the past three years. This would have carried a 19 billion price tag. Congress reduced it to $8000. But you still are eligible if you have not owned a home within the past three years.
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Sapphire Tower, situated in the Columbia District, sparkles brilliantly adding an optimally well-balanced urban lifestyle and luxury living with the spirit of sophistication and elegance. The convenient location offers fine dining, museums, art galleries, shops and much more.
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