31.10.2012 - U.S: Who needs home ownership?
Home ownership subsidies have imposed costs that are large and clear. The benefits of such subsidies are, at best, small and vague. In the wake of the financial crisis, U.S. housing policy is in need of overhaul. In this series of essays, I will look at the issues involved. This first essay will set the stage by looking at the economic fundamentals of home ownership. For those who do not have time to read this entire essay, it can be summarized simply: if you want good housing policy, then you should listen to the recommendations of the National Association of Realtors, the Mortgage Bankers Association, and their allies… and do the opposite...............................................Full Article: Source
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