I was just reading over the 8000 tax credit that the federal government is giving to first time home buyers. In the fine print are income limitations. If someone works a respectable job and makes too much, the tax credit does not apply to them. This home buyer credit only functions to reward those who cannot and should not be purchasing homes with money they don't have. There is nothing wrong with renting and putting away money in a rainy day fund for those who cannot afford to buy a home. If anything, there should be incentives to save. Instead of these handouts, the government can make everyone eligible for a high interest savings account the pays up to a certain amount at a rate that is higher than what a bank would pay. Of course, the government is best not doing anything at all.