FHA Backed Loans and No Money Down Government Financed Mortgages

``With 2 million people benefitting from the tax credit and only an increase of 350,000 additional home buyers, the taxpayer subsidy is gigantic (those NAR lobbying dollars paid off). Calculated Risk broke the numbers down and arrived at a cost of $45,000 to the taxpayer for each additional home sale. This of course comes on the front end since it seems like we are blowing our entire fiscal sanity on gimmicks like this and other fun house experiments like cash for clunkers. ''