May increase foreclosures later
The tax credit may encourage some home buyers to buy homes which they can't afford, since they will have the tax credit to help pay the bills.  This could lead to more foreclosures as those home owners find later that they cannot afford to live in the home.
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Economic and Social Policy? »Economic and Social Policy?
Domestic Economic Policy? »Domestic Economic Policy?
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Extend the first time homebuyers tax credit »Extend the first time homebuyers tax credit
Decreases the number of foreclosures »Decreases the number of foreclosures
May increase foreclosures later
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