Housing and the Economy: Popular Myths
梳理了抵押贷款和住房补贴体系的变化，聚焦住房可负担性、住房需求衡量、生产周期成本及联邦抵押贷款计划四个关键问题，帮助政策制定者理解住房与经济的真实关系。
This paper identifies and tries to clarify the effects of a number of changes in the system of delivering mortgage credit and housing subsidies. First, we examine the trends in housing and mortgage market data and policy. This review highlights the perceived relationships of these sectors to the rest of the economy. We then focus on and develop the relationship between four issues that have been fundamental stumbling blocks to the development of effective policy. The issues are: (1) homeownership affordability, (2) measures of housing needs, (3) the costs of cycles in housing production, and (4) the effects of federal mortgage credit programs.