Premium
Housing and the Economy: Popular Myths
Author(s) -
Buckley Robert M.,
Order Robert A.
Publication year - 1982
Publication title -
real estate economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.064
H-Index - 61
eISSN - 1540-6229
pISSN - 1080-8620
DOI - 10.1111/1540-6229.00273
Subject(s) - subsidy , economics , rest (music) , production (economics) , mortgage insurance , shared appreciation mortgage , mythology , public economics , market economy , finance , macroeconomics , medicine , philosophy , theology , casualty insurance , cardiology , insurance policy
This paper identifies and tries to clarify the effects of a number of changes in the system of delivering mortgage credit and housing subsidies. First, we examine the trends in housing and mortgage market data and policy. This review highlights the perceived relationships of these sectors to the rest of the economy. We then focus on and develop the relationship between four issues that have been fundamental stumbling blocks to the development of effective policy. The issues are: (1) homeownership affordability, (2) measures of housing needs, (3) the costs of cycles in housing production, and (4) the effects of federal mortgage credit programs.