All Commentary
Tuesday, August 24, 2010

Homebuyer Tax Credit Branded a Scam

“The Realtors backed it… the home builders backed it… the mortgage bankers backed it… virtually anyone with an [sic] financial interest in residential real estate transactions backed the Homebuyer Tax Credit (and it’s expanded extension) and now that the program is finally complete and a whole host of indicators … suggest that … its effects were at best temporary, we can see fairly clearly that this policy was a scam of epic proportions benefiting few and costing many.” (Christian Science Monitor)

What did you expect?

FEE Timely Classic
“Can the Feds Save the Housing Market?” by Robert P. Murphy