Peter Orszag suggests a government incentive for renting could aid a housing recovery right...

|By:, SA News Editor

Peter Orszag suggests a government incentive for renting could aid a housing recovery right now: Attack the oversupply of housing stock by allowing a tax write-off for investors who buy empty properties and rent them out. No matter what, "the deleveraging process will still be painful and take some time. But that’s not an argument against action."