CNBC Video: Anthony Sanders, a real estate professor at George Mason University, and David Crowe, chief economist at the Natl. Association of Home Builders, share their views -- Aired Sep. 7, 2010
Crowe, the tool from the NAHB, wants a brand new $25,000 tax credit for home purchases. Let that sink in for a moment. The just-ended homebuyer's tax credit caused severe market distortions that we're just now dealing with, and he wants a new one, 3 times the size of the original.
Sanders wins this argument. The correct answer is to remove government support and stimulus from the market completely. The age of extend and pretend has failed miserably.
Though the calls for removing government support are growing louder:
Obama has already made his decision:
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NAHB tool wants new $25k homebuyer's tax credit.