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Decreases the number of foreclosures

Low home prices has contributed to the high number of foreclosures.  The tax credit creates demand for homes, thus increasing their price and avoiding some foreclosures.
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Extend the first time homebuyers tax credit
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Decreases the number of foreclosures
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Increase in house prices is artificial and temporary
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May increase foreclosures later
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The tax credit is an unfair redistribution of wealth
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The tax credit is not cost effective
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