Arnold Kling  

Housing Finance in Other Countries

A Tale of "Voluntary Departure... Health Insurance, Fairness Nor...

In the Richmond Fed bulletin, Renee Haltom writes,

The United States finds itself on the far end of the spectrum in many aspects of housing. At the funding level, the United States has the most government support of owner-occupied housing finance and is the heaviest user of securitization.

Read the whole thing. Above all, I believe that the U.S. is an outlier in terms of the success of interest-group lobbying in shaping housing policy. Just say no.

COMMENTS (1 to date)
effem writes:

But if other countries are willing to backstop their banking system does it matter? My personal belief is that most governments are willing to aggressively support (distort) housing - just a question of when/how they are called into action.

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