The White House announced Wednesday that the Federal Housing Administration will significantly lower the fees it charges borrowers, a move designed to save individual home buyers hundreds of dollars annually and help jump-start the housing market.
It’s always a great time to buy a home–just ask a Realtor™. Similarly, it is always good public policy to jump-start the housing market–just ask anyone in the housing lobby.
One of the best times to jump-start the housing market was the early 2000s. If you need to be reminded of that, attend this event featuring Peter Wallison. Recently, I reviewed his latest book.
Now is a great time to subsidize all markets. Housing isn’t special, it’s just bigger.
The past few days have seen presidential proposals for housing subsidies, free community college, and subsidized broadband internet. Apparently this is ‘gimmedat politics’ week.