Buckhorn, Ontario It is hard to escape the feeling, country to country, that low-and-moderate income families, and, just possibly, even families with more money, are rapidly consolidating into a permanent class of renters. Certainly in some cities around the world like New York City, Toronto, London, and elsewhere, this has long been the case. In …
Tag: Home Ownership
Is Affordable Housing Being Crucified by Inequality
New Orleans Increasingly it seems that we are going to have to decouple the issue of home ownership and affordable housing at least in the traditional sense of small footprints in the dirt with picket fences around them. Home ownership due to harder loan standards, tighter credit, and the Great Recession has now fallen to …
Toil Index and Tax Credits for Home Ownership
Robert Schiller from Yale gave props to Richard Green of USC for his recommendation that there be a targeted tax credit to encourage homeownership. Green and Andrew Reschovsky of Wisconsin have studied the data closely are clear that the real benefit of existing tax policy allowing a standard deduction for interest on mortgages is for …