Sunday, November 8, 2009

From the mailbag

Reader SC adds some perspective on the Homebuyers Tax Credit ...

Check out this little bit of insanity. My husband and I are due to close on a new house in Athens next week (we're moving from Pennsylvania). Due to the timing of the extension/expansion of the homebuyer tax credit, we now qualify for the $6500 credit. We were buying a house anyway!

On the other hand, that'll cover half of our COBRA for the year (and that's a whole *other* issue). But it just seems there are so many other ways this money could have been used to help people and stimulate the economy.