The Math of Foreclosure Bailouts

Foreclosure rates have been skyrocketing and are expected to continue to rise through the end of the year. This is a tragedy. While I have never lost a home myself, some close relatives have. Just a few weeks ago the folks who lived across the street from our lot were...

Tax Refunds are Stupid

This is the time of year when people all over the country are excited about getting their tax tax refunds. It makes me crazy. In almost all circumstances, getting a tax refund just means that you loaned the government your money — for a number of months — interest...

2010 Housing Stimulus Tax Credits

You've probably heard about some of the Housing Stimulus that has been created in recent months. The proper role of government in such efforts is worthy of discussion. But in this post I'd like to outline the specifics of the tax credits so you can figure out if they...