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I was one of the beneficiaries of the $7,500 credit. I didn't buy the house because I'd get the credit. That was just a nice surprise when I did my taxes. I bought the house because 2 years ago it was worth $600,000 and I got it for half of that. Unfortunately I'll have to pay mine back, but it definitely helped us get rid of debt and build savings, which was not what the government hoped I would do with it obviously.
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