Check this out- a $7,500 tax credit for first time suckers, oops, I mean buyers. Just kidding. This is a great deal for someome buying in Detroit or Ohio for $50k, a big percentage of the sale. In NY, that's one month's mortgage payment.

http://www.federalhousingtaxcredit.com/

The best is that its actually a $7,500 tax LOAN as you have to pay it back....

This $7,500 tax credit is great news! Now I can finally afford to buy a 3 bedroom condo at 15 CPW!!!

actually most people in NYC probably wouldn't qualify anyhow since
it phases out after $75,000 for individual tax filers and $150,000 for joint tax filers.
so basically if you are single and make $95,000 you get no credit,
and if you're married and file a joint return making more than $170,000 you also get nothing.