Sunday, January 1, 2012

A Tax Credit to Fix A Housing Mess

WE used to talk a lot about helping homeowners in trouble.

Instead, the bankers were bailed out — and now we hardly talk at all about aiding ordinary Americans.

Yet the problems facing homeowners today are even bigger than they were in the dark days of the financial crisis. According to the S.& P./Case-Shiller 20-city Home Price Index, home prices have fallen 13.2 percent since Lehman Brothers collapsed in September 2008. Over the same period, of course, unemployment has climbed.

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