Spur Homeownership, Cut Subsidies

Griffin, Marcia; Bautista, Faith
June 2010
American Banker;6/22/2010, Vol. 175 Issue 95, p8
Trade Publication
The article presents the authors' opinions on the U.S. Federal Deposit Insurance Corporation chairman Sheila Bair's belief that federal tax policies could be harmful to homeownership, but they disagree that the 69% homeownership rate reached in 2006 is unsustainable. The believe that the U.S. could have a higher homeownership rate by reducing the tax subsidies and redirecting them. Also investigated is the need for consumer education before the purchase of a home.


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