More Air for the Bubble

Tags: Booms and Busts

06/03/2004 Mises Wire Mark Thornton

Even HUD is getting into the act of expanding the housing bubble. The newest program from the Housing and Urban Development Department will provide grants to low-income families to pay their down payment. The current inability of many to do so, according to HUD Secretary Alphonso Jackson, is “the single-greatest obstacle to homeownership.”

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