Monday, Feb 01, 2010
Policy Targets to Increase Home Prices
FT Alphaville: US Housing Bubble v2.0
Summary of report showing explicit US government policy support for house prices. If you have time, click through to the report and read section 3. e.g. "This section describes the role of the Federal Government in supporting the mortgage markets and, by extension, home prices... By supporting the mortgage markets, the Federal response has acted to lower interest rates, thus maintaining demand for housing and, by extension, supporting home prices.." Jump to page 126 "Supporting home prices is an explicit policy goal of the Government" and see how they do it.
Posted by ontheotherhand @ 12:00 PM (344 views) Add Comment
1 Comment
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1. paul said...
In the US, as over here, there's nothing like serving a private interest with public policy measures. Hot countries label it corruption, but in the UK policymakers have been doing it since the 1873 Corn Laws!