Here's an interesting proposal and very capitalistic approach on how to help remedy the pit of despair commonly known as the housing market. It is a couple months old (dates back to September 1st 2011) but to my understanding still a valid argument.
Essentially, Glenn Hubbard believes we should make refinancing Fannie Mae and Freddie Mac loans easier to do. If you look back at history, a rebound in the housing market usually predates any sustainable recovery in the general economy. AKA, whenever you move you are almost forced to buy a whole bunch of "goods" for the new digs. This is part of the reason why economist, government officials, business leaders and investors care about the housing market.
Essentially, Glenn Hubbard believes we should make refinancing Fannie Mae and Freddie Mac loans easier to do. If you look back at history, a rebound in the housing market usually predates any sustainable recovery in the general economy. AKA, whenever you move you are almost forced to buy a whole bunch of "goods" for the new digs. This is part of the reason why economist, government officials, business leaders and investors care about the housing market.
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