Another Housing Bust Ahead?

In response to the U.S. government gearing up to go to war in Iraq again, in spite of the disastrous failure of the last war, Justin Raimondo recently tweeted: “American foreign policy is a recurring nightmare.” The same, unfortunately, can be said for American economic policy as well. The Obama administration seems intent on making a recurring nightmare out of the Inception-style, artificially-induced “American Dream” of widespread government-supported home ownership. The Department of Housing and Urban Development (HUD) announced in a press release earlier this month that “Preserving the Dream” was this year’s theme for “National Homeownership Month.” The press release is replete with … Continue reading Another Housing Bust Ahead?