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- Washington Was Promoting The Wrong Dream
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The best thing I’ve read this week comes from CBS News this morning:
In the midst of the subprime crisis, there’s an important question that analysts and policymakers have neglected: Did so many people need to own homes in the first place? The dream of home ownership has long been part of the American experience, but, as the federal government steps in to artificially support borrowers and lenders with tax credits that encourage more spending or with public spending that keeps over-indebted borrowers in unaffordable homes, we ought to consider whether it’s time to wake up from that dream.
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Original Source: housingdoom.com
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2 May, 2008| housingblogs |
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