Developing Affordable Housing Ecosystems World Wide
Why does rent control exist? Because politics trumps policy. But even the most abject voter pandering must have a cover story.
As Buttercup sang:
Things are seldom what they seem
Skim milk masquerades as cream
From a public-policy perspective, there are so many things wrong with rent control (which I call ‘heroin for neighborhoods’) that it will take [...]
Rent control is bad public policy: bad from an economic perspective, bad from a social perspective.
I found this out first hand starting thirty years ago, and I’m still finding it out.
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In the curious way of such things, my involvement with affordable housing began professionally and personally at roughly the [...]
With Fannie Mae so much in the news, herewith a listing of my previous postings on its perils:
GSE reform legislation introduced: 12-Apr-05
Snow falling on Fannie: 9-Apr-05
Fannie Mae: False signatures: 8-Apr-05
GSEs: Greenspan frowns … clearly: 7-Apr-05
Fannie Mae: What will Greenspan say? 6-Apr-05
President nominates Fannie Mae board: 1-Apr 05 (note date)
Facts are scrupulously checked by our state-of-the-art [...]
If Section 8 is under continuing funding pressure (which it is) that is hurting communities and families nationwide (which it is), we are certainly motivated to find ways to improve it, with lower costs or better results. And if we think that means-testing housing assistance might create a poverty trap (certainly a reasonable hypothesis), and [...]
Just before their hearing on Government Sponsored Enterprises (GSEs), the two principal House Chairs, GSE Subcommittee Chair Richard Baker (R-LA-6) and full Financial Services Committee Chair Michael Oxley (R-OH-4) introduced H. R. 1461 (link in PDF), entitled the “Federal Housing Finance Reform Act of 2005.” With as many pages as the most stable isotope of [...]
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