Mortgage crisis; Real estate; Subprime

Blog post
September 23, 2008, 6pm PDT

The on-going foreclosure and subsequent credit crisis should offer important lessons for housing policy and public policy more broadly. Chief among these lessons might be the falsity of the notion that government regulation is always bad. But some conservative commentators cling to the dogma that government intervention is the root of all evil. An explanation being offered by some is that government intervention in the form of Community Reinvestment Act encouraged irresponsible lending and led to the subsequent housing bust.

Lance Freeman
July 1, 2008, 7am PDT
<p>The article suggests that rising gas prices, enduring subprime mortgage crisis, and some changing demographics (i.e., the aging of Baby Boomers) are all contributing to the greater popularity of central city neighborhoods.</p>
The Chicago Tribune