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Common Sense on Housing
Posted By Conn Carroll On April 2, 2008 @ 6:24 pm In Economics | Comments Disabled
The pressure on Congress  to “do something” on housing appears so great that many members normally inclined to keep Congress out of the housing market, now feel like that have to vote for something. Even if everyone knows some legislation will actually do very little  and will only make the situation worse .
To help these members The Heritage Foundation has drafted “Eight Common Sense Standards for Housing Legislation” designed to mitigate Congressional meddling. Following them would reduce the chance that taxpayers dollars would be used to help the wrong people or would cause distortions in the housing market. However, the best approach to the turmoil in the mortgage market is still to allow the free market system to act.
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2008/04/02/common-sense-on-housing/
URLs in this post:
 pressure on Congress: http://www.politico.com/news/stories/0408/9327.html
 some legislation will actually do very little: http://www.foundry.org/2008/04/02/hope-and-irrelevance/
 only make the situation worse: http://www.heritage.org/Research/Economy/wm1865.cfm
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