Homeownership and Suburban Sprawl
A new paper from economist (and city-lover) Ed Glaeser argues in favor of a reevaluation of government policies towards homeownership. The abstract:
The most fundamental fact about rental housing in the United States is that rental units are overwhelmingly in multifamily structures. This fact surely reflects the agency problems associated with renting single-family dwellings, and it should influence all discussions of rental housing policy. Policies that encourage homeowning are implicitly encouraging people to move away from higher density living; policies that discourage renting are implicitly discouraging multifamily buildings.