Monday, February 9, 2009

$15,000 tax credit

won't help low-income home buyers, experts say - Los Angeles Times

As usual, the 'Devil (and Republicans) is in the details'...

1 comment:

  1. This tax credit is practically a scam. It will benefit people who don't need it and bottom feeders scooping up foreclosures. The article doesn't examine whether the tax break actually has a chance of stabilizing prices, which has to happen for the break to serve as an incentive to buy. I wrote about this in detail here.