Thursday, June 10, 2010

Senate Bill would extend Housing Tax Credit Closing Deadline

by Bill McBride on 6/10/2010 11:59:00 PM

From Dina ElBoghdady at the WaPo: Bill would extend home buyers' deadline for tax credit

Home buyers hoping to take advantage of a lucrative federal tax credit would get three extra months to complete their purchases under a proposal introduced in the Senate on Thursday.
I've wasted enough posts explaining why this was a poor use of taxpayers' money .. but a three month extension to close? Geesh ... that is ridiculous.