Fmr. Obama Adviser: Harris' Housing Credit 'Not Something We Can Afford', Will Enrich Homeowners, Not Buyers

During an interview with author Walter Isaacson aired on Thursday's broadcast of CNN International's "Amanpour," Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the Council of Economic Advisers and the National Economic Council under President Bill Clinton stated that the first-time homebuyer credit proposed by 2024 Democratic presidential candidate Vice President Kamala Harris will result in the price of "a lot" of homes jumping and therefore, will enrich homeowners, not buyers and "Our scarce resources, I think, are poorly spent with something that's a transfer to existing homeowners, just not something we can afford, given all the many priorities we need to put ahead of that."