2008-11-23 — wsj.com
The builders' lobby is ramping up its sales pitch for a $250 billion stimulus package called "Fix Housing First," arguing that financial markets won't recover until home prices stop falling. They are calling for a generous tax credit for home purchases and a federal subsidy that would lower a homeowner's mortgage rate.
Uh... don't we already have all those things?
And call me insensitive, but isn't a great way to have something "stop falling" to simply let it reach the bottom?
Also, weren't the major builders "doing fine" and "weathering the storm"? They haven't exactly been imploding in droves (though small builders are).
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