The system is simple and, thus far, largely unavoidable. When a user attempts to make a post, Craigslist asks for verification with a viable phone number. It then automatically calls the number and issues a verification code which must be re-entered for the post to go live.
For the purposes of the IRA distributions, a first-time home buyer is anyone who hasn't owned a present interest in a main home for the previous two years. For example, if your parents have promised to leave you their home in their will, that isn't a present interest in the home, so you still qualify.
It used to be that about 40% of the people buying existing homes were first-time buyers, but now weâre down to about 29% â in large measure because itâs simply hard to save money for a down payment. Hard, but not impossible â think about last yearâs 1.4 million first-time buyers.