Should the government help finance homeownership? asks Robert Shiller in the NYT, referring to...
Should the government help finance homeownership? asks Robert Shiller in the NYT, referring to the conservatorship of Fannie Mae and Freddie Mac and the Federal Housing Administration's direct subsidization of home-ownership, not to mention execptionially loose monetary policy. Shiller doesn't seem so convinced, pointing out that renters can more easily move if they find a new job, while it's "hardly wise to put all of one's life savings into a single, highly leveraged investment in a home."
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