The True Cost of the Homeownership Obsession

Tags: Booms and Busts, Financial Markets, Money and Banks

01/16/2015 Ryan McMaken

The homeownership rate is now back where it was forty years ago. So what did all that federally-subsidized homebuying over the past decade accomplish? There was a lot of malinvestment, and a lot of politically-favored interest groups that got richer, writes Ryan McMaken.

This audio Mises Daily is narrated by Clay Barnett.

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