A diary of the thought process behind my investment decisions
Tax Credit Extension
The first time home buyer tax credit is being extended. I don't believe it will have the desired effect. This is the equivalent of Macy's throwing a limited time sale and then the next week throwing another one. The second sale will not draw as many buyers. Throw in the fact that buyers from the first sale are disqualified and you will get a sense of what effect the extension will have.