Document Type
Article
Publication Date
2011
Publication Source
John Marshall Law Review
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.
Inclusive pages
23-50
ISBN/ISSN
0270-854X
Document Version
Published Version
Copyright
Copyright © 2011, Sarah Webber
Publisher
The John Marshall Law School
Volume
45
Peer Reviewed
yes
eCommons Citation
Webber, Sarah J., "Don’t Burst the Bubble: An Analysis of the First-Time Homebuyer Credit and Its Use as an Economic Policy Tool" (2011). Accounting Faculty Publications. 58.
https://ecommons.udayton.edu/acc_fac_pub/58
Included in
Accounting Commons, Business Administration, Management, and Operations Commons, Business Law, Public Responsibility, and Ethics Commons, Corporate Finance Commons, Nonprofit Administration and Management Commons
Comments
The John Marshall Law Review is an open-access journal. This document is provided for download with the permission of the author and in compliance with the publisher's policy on self-archiving. Permission documentation is on file.