A call to action.

s much as I want this to extend for obviuos reasons, it is an addition to govt spending so if I am really concerned about cutting spending it has to come from lots of places. So I cannot go along with the extension even though it benefits me.

Hi Ken - I am not sure I am in favor of an extension.  Are we in danger of creating a bubble based on artificial demand?  The car sales numbers - post Cash for Clunkers - are dismal.  Do you see any possible comparisons post $8k tax credit?  I am interested in hearing what everyone thinks.

It will be a tough sell on the Hill to extend this tax credit. I believe the American people want Mr. Obama to stop spending money to make money. It works on a short term and hurts in the long run. Let the market correct itself.

One extension will help those who are just realizing they could actually buy a house. Two extensions may not be useful.

Kenneth, I really don't see much of a downside to the extension. Not only will it continue to enable more people to buy homes, but if job creation is necessary for our recovery, this will help in that arena as well.

I am for it..sell houses, inventory shrinks, prices stabilize or rise, tax base increases, construction jobs increase...Only down side - more government spending.