Social theory: home ownership

June 12, 2010 § Leave a comment

The NYT this morning has an article on a speech by FDIC chair Bair. She says we over did it on home ownership. but the problem was, spruces were increasing and it looked like it was worth it to buy now and watch the prices rise, as rents were also rising rapidly. that meant that slower income people had to spay more for housing in any case, sand ther tactic they took made sewnse (many sksf those folks still own their house bought on sub prime). Bairx’s speech fits the mold of blame the poor for buying, and hhe policy makers for trying to get them into ownership. wrong conclusion. This is important because, as we go through the changes necessary for climate response, we need to be accurate about the effects of policy on different parts of society.

Douglass Carmichael doug@dougcarmichael.com Stanford MAHB, Stanford Strategy Studio, Media X Shakespeare and Tao Consulting Http://dougcarmichael.com/blog Http://gardenworldpolitics.com

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