Don’t Burst the Bubble: An Analysis of the First-Time Homebuyer Credit and Its Use as an Economic Policy ToolJohn Marshall Law Review
AbstractIn 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.
Document VersionPublished Version
CopyrightCopyright © 2011, Sarah Webber
PublisherThe John Marshall Law School
Citation InformationSarah 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/