Time to let the housing bubble burst
Adam Smith Institute
by Sam Bowman
05/12/11
Like most other bubbles, it is a product of sustained government policies designed to privilege a special interest group - in this case, homeowners. Government after government has tried to keep the bubble inflated to avoid their wrath. The more people throw their life?s savings into housing, the more the pressure on government grows to protect these investments. The consequences for the rest of the country have been ruinous: increased cost of rents, urban sprawl, inflation and a shortage of affordable homes...
http://tinyurl.com/5rja8ej
Informant: Thomas L. Knapp
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bubble
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=homeowner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Sam+Bowman
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by Sam Bowman
05/12/11
Like most other bubbles, it is a product of sustained government policies designed to privilege a special interest group - in this case, homeowners. Government after government has tried to keep the bubble inflated to avoid their wrath. The more people throw their life?s savings into housing, the more the pressure on government grows to protect these investments. The consequences for the rest of the country have been ruinous: increased cost of rents, urban sprawl, inflation and a shortage of affordable homes...
http://tinyurl.com/5rja8ej
Informant: Thomas L. Knapp
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bubble
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=homeowner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Sam+Bowman
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Starmail - 13. Mai, 09:49
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