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.
CONTEXT(Help)
-
What should Obama do next? »What should Obama do next?
▲
Economic and Social Policy? »Economic and Social Policy?
▲
Domestic Economic Policy? »Domestic Economic Policy?
▲
Response to the ongoing Financial Crisis? »Response to the ongoing Financial Crisis?
▲
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
+Comments (0)
+Citations (0)
+About