« Red-Diaper Babies Live! |
Main
| When Olmert Calls ... »
13 Jan 2009 08:25 am
Just Rent, Guys
Tyler Cowen sighs:
You'll note that Henry Paulson has been calling for the mortgage agencies to be resurrected as "public utilities" of some sort. I don't understand this path. There is a very good (modern) liberal case against more home ownership: behavioral economics is true, people overestimate their prospects, poor people shouldn't take too much risk, and the natural market tendency is too much home ownership, not too little. That's without taking environmental issues into account.
Yglesias takes them into account.
Share This
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c45669e2010536c8832f970c
Listed below are links to weblogs that reference 'Just Rent, Guys'
