Thursday, October 08, 2009

I'm a Special Interest

I usually don't support government subsidies, but this causes an internal struggle:
Lawmakers and businesses are calling for expansion of a tax credit for first-time home buyers that has helped spark home sales in an otherwise dismal real estate market.

With the tax credit scheduled to expire in fall, some business groups say the amount of the credit, now capped at $8,000, should be raised to $15,000 and applied to anyone who buys a home.
I must say I would love to have that fifteen grand to do something I was already planning on doing, but I can't shake the feeling that there might be some repercussions to subsidizing home loans.


  1. Haha everything's different when you're the one benefiting, right?

    I have to admit as much as I hated CARS, I did check to see if my Altima was eligible...

  2. Repercussions? You mean like creating a giant real estate bubble?

    Nah that'll never happen


You are the reason why I do not write privately. I would love to hear your thoughts, whether you agree or not.