I bought my home in 2010 using the first time homebuyer tax credit they setup after the 2008 financial crash, so I have some experience and perspective on this issue.

The tax credit I received was 8k, and my home cost 125k at the time of purchase. That home is now valued at over 3 times its original value.

They're essentially offering most first time home buyers a 1% tax credit. What a fucking joke.