Home Sweet Home: Government˜s Role in Reaching the American Dream

WPIEA2011191 Image
Price:  $18.00

Author/Editor: Evridiki Tsounta
Release Date: © August, 2011
ISBN : 978-1-46230-725-8
Stock #: WPIEA2011191
English
Stock Status: On back-order

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Description

This paper investigates the role of government intervention in achieving the American dream of homeownership. The study analyzes the role of tax deductions in housing finance, including their impact on homeownership and housing consumption. The role of the Government Sponsored Enterprises in facilitating the creation of a secondary market for mortgage-backed securities is also analyzed as well as the role of the Federal Housing Administration. Cross-country comparisons of how housing is financed in other industrial countries is also provided, emphasizing how other countries have been able to achieve comparable homeownership rates as the United States in a less complicated and fiscally cheaper system. Country experiences of successfully phasing out government intervention are also analyzed.

Taxonomy

Economic sectors , Private sector




More publications in this series: Working Papers


More publications by: Evridiki Tsounta