Plunge in Homesales

As I said in a previous post recently, all tax credits do is move people's decisions around, at a cost to the taxpayer. There is new data out that homesales plunged to a 'record low' after the home buying tax credit expired. Well, gee whiz, who could have seen that one coming? Once again, this is yet another reason why politicians should be required to have some economics training (and stop selling out Americans to lobbyists!!).