Visiting Heritage scholar Wendell Cox has a new paper out titled “How Smart Growth Exacerbated the International Financial Crisis” in which he praises New York Times columnist Paul Krugman’s prescience on diagnosing the role of land use regulation in driving the housing bubble. Krugman wrote on August 8, 2005: But …
CATO’s Timothy Lee makes a great connection between the absence of school choice in our current education system and the recent housing bubble burst. First he quotes economist Robert Frank in Sunday’s Washington Post: In a well-intentioned but ultimately misguided move to help more families enter the housing market, borrowing …
Pittsburgh Tribune-Review’s Bill Steigerwald posted a great Q&A interaction with Heritage housing expert Ron Utt this weekend. Excerpts include: Q: Is this subprime mortgage lending crisis sort of the final extension of this idea of liberalizing home buying? Is this what we get when we push it too far and …
Losses are mounting. The situation shows no sign of getting better. It’s clear that U.S. government intervention has made the problem only worse. The economy has been directly affected and Americans exposed to trillions in new debt risk. Leaders now talk of redoubling government efforts. It’s time for a change …
“So you bought an overpriced house or cashed out your home equity like an ATM? Here’s an idea: Take responsibility for your actions!” That’s the mood over at AngryRenter.com. The plain-spoken Web site run by FreedomWorks gives voice to what might be termed “the Silent Minority” of the mortgage- bailout …
“ObamaNation” was apoplectic over ABC News’ decision to question Barack Obama over his associations with a Louis Farrakhan-sympathetic preacher and a college professor up from the Weather Underground. But the Illinois senator’s answers on questions that dealt with policy were even more illuminating. A segment on the economy included this …
USA Today’s take on the mortgage mess posed a crucial question: “Should taxpayers in Vermont be asked to bail out home buyers in Nevada?” The nation’s No.1 newspaper went on to note: “The answer now taking shape in Washington appears to be, ‘Yes.’” But the multi-billion dollar question for taxpayers …
