The author of this Wall Street Journal article explores the depth of the problems that have been created by the federal government’s foolish and politically-driven crusade to increase the percentage of home ownership.
This is one more strong piece of evidence that governmental intervention with the free market — whether it’s pushing home ownership to people who should rent, promoting “alternative fuels” that must be subsidized, dictating the kind of light bulbs we must use, or anything else — inevitably has bad consequences.
