How to fix the housing crisis

posted by
November 6, 2011
Ludwig von Mises Institute
by Doug French  
Posted in Commentary

"The foreclosure crisis has crawled on for going on four years now with no end in sight. The S&P/Case-Shiller index for August fell 3.8 percent from a year ago. The index includes home prices for 20 US cities. 'Continued house price declines could lead to even more defaults, foreclosures and distress sales, undermining wealth, confidence and spending,' William Dudley, president of the Federal Reserve Bank of New York said." (11/04/11)  

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