The Rural Housing Bubble

The Rural Housing Bubble

March 04, 2013
Originally published in The Washington Free Beacon

John Berlau, senior fellow for finance and access to capital at the Competitive Enterprise Institute, agreed.

“The government subsidize[s] risky home loans that the private sector would never have made without these direct or indirect subsidies,” he said. “Republicans and Democrats, though the latter to a much larger extent, pursued the misguided goal that everyone should be encouraged to be a homeowner to achieve the American Dream.”

“The USDA’s additional souring mortgages should be a wakeup call to these politicos that government’s only role in housing should be to lift crushing regulatory barriers to affordable homes, such as Dodd-Frank and green ‘smart-growth’ regulation,” he said.