Rethinking Federal Housing Policy: How to Make Housing Plentiful and Affordable

4 avg rating
( 11 ratings by Goodreads )
 
9780844742731: Rethinking Federal Housing Policy: How to Make Housing Plentiful and Affordable
View all copies of this ISBN edition:
 
 

Despite the recent drop in house prices, housing remains unaffordable for many ordinary Americans. Particularly along the coasts, housing remains extremely expensive. In Rethinking Federal Housing Policy: How to Make Housing Plentiful and Affordable, Edward L. Glaeser and Joseph Gyourko explain why housing is so expensive in some areas and outline a plan for making it more affordable.

Policymakers must recognize that conditions differ across housing markets, so housing policies need to reflect those differences. The poor and the middle class do not struggle with the same affordability issues, so housing policy needs to address each problem differently. The poor cannot afford housing simply because their incomes are low; the solution to that problem is direct income transfers to the poor, rather than interference with the housing market.

In contrast, housing is unaffordable for the middle class because of local zoning restrictions on new home construction that limit the supply of suitable housing. The federal government can sensibly address this issue by providing incentives for local governments in these markets to allow more construction.

Ironically, current subsidies for construction of low-income housing only tie impoverished Americans to areas where they have limited job prospects. These supply subsidies also crowd out private-sector construction and benefit politically-connected developers. Mortgage interest deductions, which are intended to make housing more affordable for the middle class, simply allow families who can already afford a house to purchase a bigger one. In restricted, affluent markets, these deductions increase the amount families can pay for a house, driving up prices even higher.

Glaeser and Gyourko propose a comprehensive overhaul of federal housing policy that takes into account local regulations and economic conditions. Reform of the home mortgage interest deduction would provide incentives to local governments to allow the market to provide more housing, preventing un

"synopsis" may belong to another edition of this title.

About the Author:

Edward L. Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University.

Joseph Gyourko is the Martin Bucksbaum Professor of Real Estate and Finance at the Wharton School of the University of Pennsylvania.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Glaeser, Edward L.
ISBN 10: 0844742732 ISBN 13: 9780844742731
New Quantity Available: 1
Seller:
Paperbackshop-US
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description 2008. PAP. Condition: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Seller Inventory # TN-9780844742731

More information about this seller | Contact this seller

Buy New
US$ 11.16
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

2.

Edward L. Gleaser, Joseph Gyourko
Published by AEI Press, United States (2008)
ISBN 10: 0844742732 ISBN 13: 9780844742731
New Paperback Quantity Available: 1
Seller:
Book Depository hard to find
(London, United Kingdom)
Rating
[?]

Book Description AEI Press, United States, 2008. Paperback. Condition: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. Despite the recent drop in house prices, housing remains unaffordable for many ordinary Americans. Particularly along the coasts, housing remains extremely expensive. In Rethinking Federal Housing Policy: How to Make Housing Plentiful and Affordable, Edward L. Glaeser and Joseph Gyourko explain why housing is so expensive in some areas and outline a plan for making it more affordable. Policymakers must recognize that conditions differ across housing markets, so housing policies need to reflect those differences. The poor and the middle class do not struggle with the same affordability issues, so housing policy needs to address each problem differently. The poor cannot afford housing simply because their incomes are low; the solution to that problem is direct income transfers to the poor, rather than interference with the housing market. In contrast, housing is unaffordable for the middle class because of local zoning restrictions on new home construction that limit the supply of suitable housing. The federal government can sensibly address this issue by providing incentives for local governments in these markets to allow more construction. Ironically, current subsidies for construction of low-income housing only tie impoverished Americans to areas where they have limited job prospects. These supply subsidies also crowd out private-sector construction and benefit politically-connected developers. Mortgage interest deductions, which are intended to make housing more affordable for the middle class, simply allow families who can already afford a house to purchase a bigger one. In restricted, affluent markets, these deductions increase the amount families can pay for a house, driving up prices even higher. Glaeser and Gyourko propose a comprehensive overhaul of federal housing policy that takes into account local regulations and economic conditions. Reform of the home mortgage interest deduction would provide incentives to local governments to allow the market to provide more housing, preventing un. Seller Inventory # BTE9780844742731

More information about this seller | Contact this seller

Buy New
US$ 21.58
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

3.

Edward L. Glaeser; Joseph Gyourko
Published by Amer Enterprise Inst Public Po (2008)
ISBN 10: 0844742732 ISBN 13: 9780844742731
New Softcover Quantity Available: 1
Seller:
Rating
[?]

Book Description Amer Enterprise Inst Public Po, 2008. Condition: New. Seller Inventory # TV9780844742731

More information about this seller | Contact this seller

Buy New
US$ 19.37
Convert currency

Add to Basket

Shipping: US$ 3.13
From Germany to U.S.A.
Destination, rates & speeds

4.

GLAESER/GYOURKO
Published by AEI PRESS
ISBN 10: 0844742732 ISBN 13: 9780844742731
New Softcover Quantity Available: 1
Seller:
Rating
[?]

Book Description AEI PRESS. Condition: BRAND NEW. BRAND NEW Softcover A Brand New Quality Book from a Full-Time Veteran Owned Bookshop in business since 1992!. Seller Inventory # 2929691

More information about this seller | Contact this seller

Buy New
US$ 23.95
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

5.

Edward L. Gleaser, Joseph Gyourko
Published by Aei Press (2008)
ISBN 10: 0844742732 ISBN 13: 9780844742731
New Paperback Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description Aei Press, 2008. Paperback. Condition: New. Seller Inventory # DADAX0844742732

More information about this seller | Contact this seller

Buy New
US$ 23.41
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

6.

Glaeser, Edward L./ Gyourko, Joseph
Published by AEI Press (2008)
ISBN 10: 0844742732 ISBN 13: 9780844742731
New Paperback Quantity Available: 1
Seller:
Revaluation Books
(Exeter, United Kingdom)
Rating
[?]

Book Description AEI Press, 2008. Paperback. Condition: Brand New. 204 pages. 8.75x6.00x0.50 inches. In Stock. Seller Inventory # zk0844742732

More information about this seller | Contact this seller

Buy New
US$ 28.35
Convert currency

Add to Basket

Shipping: US$ 9.53
From United Kingdom to U.S.A.
Destination, rates & speeds

7.

Edward L. Gleaser; Joseph Gyourko
Published by Aei Press (2008)
ISBN 10: 0844742732 ISBN 13: 9780844742731
New Softcover Quantity Available: 1
Seller:
Irish Booksellers
(Portland, ME, U.S.A.)
Rating
[?]

Book Description Aei Press, 2008. Condition: New. book. Seller Inventory # M0844742732

More information about this seller | Contact this seller

Buy New
US$ 39.14
Convert currency

Add to Basket

Shipping: US$ 3.27
Within U.S.A.
Destination, rates & speeds

8.

Edward L. Gleaser
Published by Aei Press (2008)
ISBN 10: 0844742732 ISBN 13: 9780844742731
New Paperback Quantity Available: 1
Seller:
Books Express
(Portsmouth, NH, U.S.A.)
Rating
[?]

Book Description Aei Press, 2008. Paperback. Condition: New. Ships with Tracking Number! INTERNATIONAL WORLDWIDE Shipping available. Buy with confidence, excellent customer service!. Seller Inventory # 0844742732n

More information about this seller | Contact this seller

Buy New
US$ 107.70
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds