Myths and Realities in Mortgage Finance and the Housing Crisis
Bibliographic Data
| ID | 11969860 |
|---|---|
| Authors | Lawrence B Smith (corresponding author) |
| Year | 1976 |
| Volume | 2 |
| Issue | 2 |
| Pages | 240-240 |
| Publication date | 1976-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Canadian Public Policy (JOURNAL) |
| Journal identifiers | ISSN: 0317-0861 • E-ISSN: 1911-9917 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/3549209 |
| OpenAlex | W1984727142 |
| Language | EN |
| Citations received | 2 |
This paper identifies some of the myths and realities surrounding mortgage finance and the so-called housing crisis. It indicates the major reason for the decline in new residential construction is not an excessively high mortgage rate but the absence of a housing shortage. This is obvious from the quality of the housing stock, the availability of housing, the affordability of housing in terms of the proportion of income it requires, and the capacity of the residential construction industry. Problems in the housing sector are shown to be primarily income distribution or welfare problems and, to a lesser extent, capital market imperfections arising from accelerating inflation
Business · Economics · Financial crisis · Financial system · Keynesian economics · Mortgage insurance · Mythology · Political science · Shared appreciation mortgage · Theology · Housing Market and Economics · Housing, Finance, and Neoliberalism · Philosophy · Finance
| Unique citing works | 2 |
|---|---|
| Citations per year | 0.04 |
| Citation span | 1979 - 1981 (3) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |