Is the $15k tax credit comparable to subsidizing firewood for a campfire in a monsoon?All the discussion for the $15,000 tax credit seems like a wonderful idea for those who are purchasing today or in the near future. Le'ts take a more macro econonmics look at this idea. The intent of this tax break is to reduce the glut of unsold properties on the market. The problem with this tax break is that it is just a patch that'll need to be eventually repaired again. The real estate market bubbled and needs correction. How can the $15k tax break help in the long run? February 08 2009 - Mequon0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.