I spoke at a forum on housing finance reform. I have low energy these days, but viewing the talk it is not bad. It starts about minute 3 and goes to about minute 26.
One of my themes is that government intervention in the housing market is based on misconceptions. For example, we seem to view mortgage borrowing as a savings vehicle for the middle class. However, this is only true for periods when house prices rise dramatically. Overall, I argue that policy is based on a narrative that exaggerates the benefits of government intervention and understates the risk.