Article
Don’t Burst the Bubble: An Analysis of the First-Time Homebuyer Credit and Its Use as an Economic Policy Tool
John Marshall Law Review
Document Type
Article
Publication Date
1-1-2011
Abstract
In 2008, faced with a looming real estate crisis, Congress hastily acted to stabilize the economy by offering a first-time homebuyer credit. This tax credit was trumpeted as a solution to the excess inventory of homes for sale and to stop the free-fall in home values. The credit, however, failed to deliver on its promises. By analyzing the first-time homebuyer credit, its creation, its implementation and its economic impact, this Article concludes that, when compared to alternative policy solutions, Congress erred in using the tax code to implement a first-time homebuyer credit.
Inclusive pages
23-50
ISBN/ISSN
0270-854X
Document Version
Published Version
Copyright
Copyright © 2011, Sarah Webber
Publisher
The John Marshall Law School
Peer Reviewed
Yes
Disciplines
Citation Information
Sarah J. Webber. "Don’t Burst the Bubble: An Analysis of the First-Time Homebuyer Credit and Its Use as an Economic Policy Tool" John Marshall Law Review Vol. 45 (2011) Available at: http://works.bepress.com/sarah_webber/9/
The John Marshall Law Review is an open-access journal. This document is provided for download with the permission of the author and in compliance with the publisher's policy on self-archiving. Permission documentation is on file.