Homeownership has always been an important part of American life, and it is often a heavily politicized one (potentially alligned with the shorter-term interests of many politicians and politics) Steven Malanga argues that the government should aim to leave the economy to its own devices:
“First, our experience since the Great Depression teaches us that a rising economy is the best and safest way to boost homeownership”
and more realistically to have:
” …the federal government to tie aid to states to local regulatory reforms that reduce the cost of construction and encourage additional building.”
There’s a little in the way practical positive thinking here, but I think the subtext is mostly: liberal policies that seek to correct social inequalitites through government oversight of housing and lending to potential homeowners can lead to disaster, and we should pursue them now no less than before…
Now that we’re having to compete in a global marketplace…will the loss of manufacturing jobs be replaced with the service industry…and green jobs?
See Also On This Site: Richard Florida has a vision based upon some reasonable analysis, but a vision that’s a little too hip and government -centric: From The Atlantic: Richard Florida’s ‘How The Crash Will Reshape America’
Property rights are ‘negative,’ like life and liberty and the pursuit of happiness?: From If-Then Knots:Health Care Is Not A Right…But Then Neither Is Property?