Thursday, 19 October 2017


Housing America: Building Out of a Crisis

Posted by
February 23, 2011
in Blog

“About seventy percent of American households own their own homes, and for many their homes represent the majority of their net worth. As evident by the cascading mortgage market meltdown and widespread defaults and financial bankruptcies, housing policy not only affects the quality of community life but also has a direct impact on their economic well-being of entire nations.

Although most housing in the United States is allocated in the private market, this market is heavily regulated and subsidized, with government policies dictating whether people can build, what type of housing is allowed, the terms allowed in financing and rental contracts, and much more. Involving the work of sixteen economists and policy experts, Housing America now critically examines government housing policies in the United States and how they impact housing at all levels.

Could government’s pervasive involvement in housing be related to the very real problems of affordability, availability, mortgage defaults and loans, and much more? If so, the appropriate policy response would be to significantly reduce, not increase, government involvement. In reassessing government housing measures, Housing America is the authoritative and most comprehensive book available on resolving the housing crisis.” Get it here

Housing America: Building Out of a Crisis 
Edited by Randall G. Holcombe and Benjamin Powell 
Via the Independent Institute.


  1. Jonathan C. Miller June 5, 2014 1:20 PM

    When do you think this Actual Property industry will go returning in a beneficial direction? Or is it still too beginning to tell? We are seeing a lot of real estate property foreclosures in Casselberry California. What about you? We would really like to get your reviews on this.

  2. Vicky J. Springer March 6, 2013 9:13 PM

    Am I getting the impression that the realty should be made to regulate themselves with less government interference in the course of red tape? In regards with the government, they are not infallible, as they are no fostering a culture of sustainable community building. In most property development side, the sustainable architecture could just be a farce as we know it.

  3. Ronald Grey Jr. February 24, 2011 6:31 PM

    @Tom Duncan: Thanks for your reply!

  4. T&I February 23, 2011 2:49 PM

    It depends what the bricks are made from ;) .

  5. Tom Duncan February 23, 2011 2:15 PM

    In some respects, you could make the case that Somalia has done this with their currency. It has been counterfeited down to the price of ink and paper, meaning it's relatively stable. Such a strategy would be effective at tying the hands of the central bank. It would be just as unprofitable for the bank to expand the money supply as it would be for anyone else. But as Hardy and Friedman point out in that article (1951 in the Journal of Political Economy), there would be great difficulty in convincing people to accept bricks.

    A further question would be to what extent we want the money supply to vary versus letting the prices vary. And to what extend the latter actually happens.

  6. Ronald Grey Jr. February 23, 2011 1:51 PM

    On a related note, what do you think of economist Milton Friedman's recommendation to use bricks as a basis for sound money?


    Ronald Grey

  7. T&I February 23, 2011 1:11 PM

    And, too many people are overly interested in other people's living arrangements/relationships. The fact is, the USA is WAY overly housed in the median square feet per person (… ). I'd have 1 to 4 more people living in our house in a properly libertarian scenario. I am a big fan of Ayn Rand. However, I think the living arrangements described in Galt's Gulch, with all the rich, high-ego (megalomaniacs?) people in their separate houses was an unfortunate feature. Some of us who are more gregarious and share one of the appetites of Dagny and her intimate friends, would prefer to have more people per household.