When it feels like the world is on your shoulders
And all of the magic has got you going crazy
--DeBarge
A couple weeks back we noted increased govt activity in the housing markets. More today, as plans circulate to get the Federal Housing Finance Authority (read: taxpayers) to provide incentives for investors to buy properties foreclosed by Fannie and Freddie and then rent them out.
More central planning for the housing industry. It does seem pretty clear that we will never learn...
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About Me
- fordmw
- b school prof interested in markets and freedom, among other things.
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2 comments:
The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.
~Henry Hazlitt
The only reason a great many American families don't own an elephant is that they have never been offered an elephant for a dollar down and easy weekly payments.
~Mad magazine
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