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About two million customers benefited from Home Buying Tax Credit and it is estimated that at least another 2 million benefit from the extension of the tax credit . Therefore, extension would cost the government another 18 billion U.S. dollars, based on the amount of tax credit in 2009. Seem that the subsidies, even for a short time, to drive home buyers to go to the real estate market of potential risks that the economy is depressed in May to continue for some time. Opponents may ask, such a large impact on the tax credit may have a global recovery.

Apparently, the recovery of the internal market depends not only on the renewal of temporary commitment, but also the health of the economy in general.. Another wave of decline in home sales is not impossible by the flight compared to sales in the first half to take advantage of the tax credit, such as homeownership rate remained stable. In view of the owner, the house is the main resource set for the most part the average consumer to invest or hold. No steady cash flow (a steady job, more pay), fixed assets such as requirements, or to avoid or milkshakes (lock). In short, the close relationship of the housing market and the labor market requires a …

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