The federal government should be less involved in the housing market moving forward, Heritage Foundation experts Norbert Michel and John Ligon argue in a new report on housing finance and free enterprise. The authors go on to explain,
Free markets promote affordable housing, but the federal government has increasingly intervened in housing finance for decades. Housing finance reform will be successful only if policymakers recognize the flaws of previous interventionist policies and embrace the basic principles inherent in a free market.
They argue for a housing policy “that promotes individual economic freedom and affordable homeownership,” and lay out five policies to achieve that goal: Continue Reading »