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The Promotion of Homeownership as an Overriding Goal
BobbyDelray
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3-19-2008 2:02 PM
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homeownership
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housing
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bb66caac-f14a-48e4-860f-4f20f90e718a/C01ACFBC-EB2E-4AE6-8572-D23F34D358DA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.wsj.com/developments/2008/03/19/the-promotion-of-homeownership-as-an-overriding-goal/" href="http://blogs.wsj.com/developments/2008/03/19/the-promotion-of-homeownership-as-an-overriding-goal/" style="font-size: 11px;">blogs.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/19/the-promotion-of-homeownership-as-an-overriding-goal/">As voters ponder which candidate to support in the run for the White House, the nation’s economic problems are being pushed to the forefront. One big question: Who’s to blame for the current financial crisis that has its roots in the housing and credit markets?</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/19/the-promotion-of-homeownership-as-an-overriding-goal/"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/blogs.wsj.com/img/2F963AFF-7767-41C6-81A7-7AFAF03CBC5A" alt="chart" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/19/the-promotion-of-homeownership-as-an-overriding-goal/">The blame doesn’t rest with just one political party — nor can it be assigned to one sector or level of government, write Greg Ip, James R. Hagerty and Jonathan Karp in today’s <A target="blank" href="http://online.wsj.com/article/SB120406115972594515.html">Journal</A>. “The nation gorged itself on home-buying, something once considered as American as apple pie,” they say.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/19/the-promotion-of-homeownership-as-an-overriding-goal/">“We went crazy as a country with the goals…saying, ‘Everybody’s got to have a house,’ ” said Richard Syron, chief executive of Freddie Mac and a former Carter Treasury and Federal Reserve official, in December.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/19/the-promotion-of-homeownership-as-an-overriding-goal/">Readers, is the dream of homeownership for all, just a dream? Was the promotion of homeownership one of the driving causes of the current crisis in housing? –<EM>Lauren Baier Kim</EM></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/19/the-promotion-of-homeownership-as-an-overriding-goal/"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/blogs.wsj.com/img/4AA12862-8E2E-4FCF-AEF4-173599456E96" alt="" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C01ACFBC-EB2E-4AE6-8572-D23F34D358DA/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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