Is Another Housing Bubble Growing?
Peter Wallison, a conservative voice in the world of fiscal policy, sees signs of another housing bubble. He points to the growing gap between owning versus renting, and to a return to no-money-down mortgages.
He recently wrote a much-commented-upon opinion piece in the New York Times entitled “ The Bubble is Back.” But unlike his most of colleagues on the 2011 Fiscal Crisis Inquiry Commission, Wallison blames government housing policy for the last bubble.
The government-sponsored and government-bailed out entities Fannie Mae and Freddie Mac still dominate the housing market, buying up loans and selling them to investors — just like they did before the bubble burst in 2007.
Wallison joins Here & Now’s Meghna Chakrabarti to discuss the potential housing bubble.
- Peter Wallison, senior fellow at the American Enterprise Institute.
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