Affordable Housing Institute : US

You can’t boom an economy without breaking vases?
 
If capital is global – and it is – then, in the words of a Miami Vice villain, “When we sneeze?  Everybody — catches cold,” and no other nation has more invested, financially and otherwise, in the US economy’s health, than China.  And, if Forbes [September] is to […]

[Continued from yesterday’s Part 2 and Part 1.]
 
The previous two parts of this post introduced us to Howard Husock’s argument in City Journal, recapitulating themes he’s sounded over years and years, that the Community Reinvestment Act is the worm in capitalism’s apple that sucked banks into making bad loans.
 

CRA?
 
It’s particularly tough because the CRA’s had gone three […]

[Continued from yesterday’s Part 1.]
 

Yesterday’s post introduced us to the seductive argument, advanced by Howard Husock in City Journal and enthusiastically embraced by a wide range of affordable-housing foes, that the Community Reinvestment Act is the primum mobile of our current financial mess.
 
Which, when you think of it, is a tough claim to make for a […]

It’s becoming fashionable, among policy journalists (and even certain ex-CEOs of Fannie Mae) to suggest that the devil made them do it, that somehow pressure to extend affordability overrode all their instinctive prudence and led them down the primrose path to America’s financial ruin.  Don’t blame me, runs the refrain, blame the Community Reinvestment Act […]

[Some previous posts on Paradise Park may be found in Part 1, Part 2, Part 3, Part 4, Part 5]
 
[Continued from yesterday’s Part 1.]
 
With New Jersey mobile home park residents covered by a comprehensive Mobile Home Park Law, you’d think that sub rosa attempts to winkle them out of their rights would be thwarted by […]