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Housing and the Economy: Popular Myths

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  • Robert M. Buckley
  • Robert A. Van Order

Abstract

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.

Suggested Citation

  • Robert M. Buckley & Robert A. Van Order, 1982. "Housing and the Economy: Popular Myths," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 10(4), pages 421-441, December.
    • Handle: RePEc:bla:reesec:v:10:y:1982:i:4:p:421-441
    DOI: 10.1111/1540-6229.00273
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    Cited by:

    1. Lerman, Donald L., 1985. "The Affordability Of Urban And Rural Rental Housing," Staff Reports 277775, United States Department of Agriculture, Economic Research Service.
    2. H A Morrow-Jones, 1988. "The Housing Life-Cycle and the Transition from Renting to Owning a Home in the United States: A Multistate Analysis," Environment and Planning A, , vol. 20(9), pages 1165-1184, September.

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