What do I think about the $8000 tax credit?

My take on the $8,000 tax credit is extend, extend, extend! If the government is giving out money - $700 billion in TARP funds - with no accountability, then by all means give it to the people directly. That's better than some bureaucratic waste machine that gobbles up 70% of the money, and the little that is left over goes to the people.

First time home buyers here in the Portland real estate market have comprised a very large portion of the closed transactions, and they all want an extension of the credit. From my conversations with people around the country, all across the board they agree that this should continue! The key is to have a deadline: 6 months maximum. Otherwise, without it, it will be a very interesting Winter!

http://www.bloomberg.com/apps/news?pid=email_en&sid=aslwB9Jb8FCY