The free market's housing bubble
Faith in markets has held sway as insurance companies have fended off calls for more government-financed health care, and as banks have engineered webs of finance that have turned houses from mere abodes into assets traded like dot-com stocks.says the New York Times in an interesting analysis of the role of free markets in the housing bubble The Free Market: A false idol after all
What do you think?
We are proud to say that the Sun-Times Real Estate section from its consumer advocacy position was at the fore of bringing many of these issues into the public eye including the matter of turning "abodes into assets traded like dot-com stocks." You can read our coverage by clicking on the category "subprime" on this blog.
