Wall Street Breakfast: Must-Know News [View article]
Extending the homebuyers credit beyond first time buyers just shifts taxpayer dollars to frequent flyers from those who choose to live in one place-- another resdistribution of wealth. Also I've read in the Economist and Time magazines surveys of first time purchasers indicate that a large percentage would have bought their homes regardless of the credits. And this doesn't even include the four year olds who claimed the credit.
Wall Street Breakfast: Must-Know News [View article]