Perspectives: Dimensioning the Housing Crisis
Posted: 25 May 2010
Date Written: May 25, 2010
The author argues that more than one borrower in every five could face foreclosure absent stronger policy measures. The solution is to (1) reduce the housing supply through a modification program that explicitly addresses negative equity and (2) increase housing demand by expanding the availability of credit to investors.
Keywords: Alternative Investments, Real Estate, Economics, Aggregate Demand and Aggregate Supply, Expectations and Economic Policy, Economics, Government Regulation, Objectives of Regulators, Portfolio Management, Alternative Investment Portfolio Management Strategies, Real Estate
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