Abstract

http://ssrn.com/abstract=2116501
 
 

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Don't Burst the Bubble: An Analysis of the First-Time Homebuyer Credit and Its Use as an Economic Policy Tool


Sarah Webber


University of Dayton

December 21, 2011

The John Marshall Law Review, Vol 45, Fall 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.

Number of Pages in PDF File: 28

Keywords: Tax, IRS, Credit, Homebuyer, First-time Homebuyer Credit

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Date posted: July 25, 2012  

Suggested Citation

Webber, Sarah, Don't Burst the Bubble: An Analysis of the First-Time Homebuyer Credit and Its Use as an Economic Policy Tool (December 21, 2011). The John Marshall Law Review, Vol 45, Fall 2011. Available at SSRN: http://ssrn.com/abstract=2116501

Contact Information

Sarah Webber (Contact Author)
University of Dayton ( email )
300 College Park
Dayton, OH 45469
United States
937-229-2432 (Phone)
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