Comments on: U.S. housing reform at risk of stopping way short http://blogs.reuters.com/breakingviews/2011/02/04/u-s-housing-reform-at-risk-of-stopping-way-short/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: DavidThompson http://blogs.reuters.com/breakingviews/2011/02/04/u-s-housing-reform-at-risk-of-stopping-way-short/comment-page-1/#comment-6290 Mon, 07 Feb 2011 17:19:02 +0000 http://blogs.reuters.com/columns/?p=5268#comment-6290 In my opinion this housing subsidy is unamerican. I can’t just walk on over to Congress and ask for them to give me millions of dollars, neither should those in real estate business. Especially considering that their gluttony and greed has almost sunk this country once.

These people should be in jail, not going for round 2 of screwing this nation.

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By: ProfJaffee http://blogs.reuters.com/breakingviews/2011/02/04/u-s-housing-reform-at-risk-of-stopping-way-short/comment-page-1/#comment-6289 Mon, 07 Feb 2011 16:10:04 +0000 http://blogs.reuters.com/columns/?p=5268#comment-6289 The proper citation to the paper behind this article is Prof. Dwight Jaffee, Reforming the U.S. Mortgage Market Through Private Market Incentives, available at:
http://faculty.haas.berkeley.edu/jaffee/ Papers/JaffeeMortgageReform.pdf

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By: LadyGodiva http://blogs.reuters.com/breakingviews/2011/02/04/u-s-housing-reform-at-risk-of-stopping-way-short/comment-page-1/#comment-6288 Mon, 07 Feb 2011 15:05:25 +0000 http://blogs.reuters.com/columns/?p=5268#comment-6288 You make some excellent points here. Allow me to add two more. First, that it is absurd and unjust to make people who do not even own houses subsidize the purchases of others. Secondly, that the NAR and its henchmen have a vested interest in not just lively real estate market, but one whose underlying values are completely out of whack with real incomes. Hence they do not fear a collapse of the US housing market so much as a final deflation of the bubble. But America cannot take a return to “bubble business as usual.”

And now a question: apart from budget cutters and small government types (libertarians like myself) who is the natural constituency to fight this juggernaut?

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