Flipside of declining homeownership rates: relentlessly climbing rents

As more families eschew homeownership in favor of renting, the cost of renting residential real estate continues to rise.

In the depths of the Great Recession, incomes dropped and many people lost their jobs and many others barely hung on. Ordinarily, such circumstances would cause rents to… – Flipside of declining homeownership rates: relentlessly climbing rents

Taxpayer backing for the GSEs ensures the misallocation of credit

Subsidized credit is the process of taking credit from worthy borrowers and providing it to unworthy borrowers.

I always find it interesting when writings from many years ago resonate through the ages as if they were written yesterday, like the writings of Frédéric Bastiat, a 19th century F… – Taxpayer backing for the GSEs ensures the misallocation of credit