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$10,000 New home sales credit

For those of you that might not know in the state of California if you purchase a Brand new home, never lived in you can get up to $10,000 credit when filling your taxes and the best part is you don' t have to be a first time home buyer! This will take effect March 1, 2009 - March 1, 2010. Well since I can from new home sales I though wow this is great! Not only that but if you are a first time home buyer you also get the up to $8,000 tax credit. So that could me that you will get up to $18,000 back! But there is a catch!!! The state of California only has $100 million for the program. So you have to be one of the first people in line when you file your taxes next year. So there could be a chance that you might not get the $10,000...Risky...What are some peoples thoughts on this?

Posted Thursday Feb 26