There are two good ideas that have been circulating recently that would help keep the housing market from experiencing another dangerous bubble: End (or greatly scale back) the mortgage interest tax deduction. Require at least a 20% down payment for purchases. Here’s a recent article that covers the arguments in favor of ending the deduction:…
Tag: government_meddling
Poll: Do you want the government to try some other type of housing bailout?
This poll was active 09.04.2011 through 09.10.2011.
11.5 Million More Foreclosures? Bring Them On!
Jon Talton over at the Seattle Times pointed me toward an interesting paper by Amherst Securities Group titled The Housing Crisis—Sizing the Problem, Proposing Solutions (pdf). Here’s their conclusion (emphasis mine): If governmental policy does not change, over 11.5 million borrowers are in danger of losing their homes (1 borrower out of every 5). Politically,…
Time to Let the Snake-Eating Gorillas Freeze to Death
Apparently there are some in the government who feel like they haven’t done enough yet to “help” the housing market, because Calculated Risk had a great post yesterday on the subject of a possible return of the undead tax credit. From Reuters: No Decision on Reviving Homebuyer Credit: Donovan “It’s too early to say whether…
Poll: The stimulus worked (or is working, or will work).
This poll was active 06.27.2010 through 07.03.2010.