BUSINESS
05/05/2010 05:12 am ET | Updated May 25, 2011

Home Buyer Tax Credit Likely To Cost Taxpayers $100K Per Home: Calculated Risk

Recent indications that demand for housing is lagging, Calculated Risk writes, are "no surprise and suggests that the extension and expansion of the home buyer tax credit will probably cost taxpayers over $100,000 for each additional home sold.

Just about every economist opposed the tax credit as expensive and ineffective. Here are some quotes from a post last September from an article by Patrick Coolican in the Las Vegas Sun: Economists say extending tax credit for first-time homebuyers is bad policy."

Read more on calculatedriskblog.com