Implicit support for continuation of the first-time homebuyer credit?

Former Federal Reserve chairman Alan Greenspan said on a Sunday-morning television news program that if home prices go down, the U.S. economy could be in for a double-dip recession.

For heavens' sake, please don't let this be the first volley in the next homebuyer tax credit battle!

The first-time-buyer-plus tax credit has simply postponed the inevitable bottoming out of the housing industry. The credit is now set to end Sept. 30.

Let that happen and let the housing market find its own, more realistic footing.

Haven't we learned enough from this current tax break, as well as from earlier homeowner tax law changes that might have helped produce our latest housing bubble in the first place?

Related posts:

• Hot new housing trend: Renting
  
• When renting is the right choice
• Economy killing home tax break, redux
• Did the home sale tax exclusion kill the economy?
• The homebuyer credit: It's baaacckkk!
• Tax policy and the American homeownership dream
• Putting the homebuyer credit to rest
• 'Successful, costly' first-time-plus homebuyer credit ending
• The federal homebuyer credit's 'exit strategy problem'
• The unfairness of housing tax breaks?
• Is it time to kill the mortgage interest tax deduction? 
• Mortgage interest deduction madness

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