White Picket Fence? Not So Fast
By Viral Acharya, C.V. Starr Professor of Economics, Matthew Richardson, Charles E. Simon Professor of Applied Economics, Sidney Homer Director, Salomon Center for Research in Financial Institutions and Markets & Professor of Finance, Stijn Van Nieuwerburgh, Associate Professor of Finance & Yamaichi Faculty Fellow, and Lawrence White, Robert Kavesh Professorship in Economics & Deputy Chair of Economics
Americans love the idea of a house and a white picket fence.
Americans love the idea of a house and a white picket fence. The government encourages ownership through housing subsidies, believing that it stabilizes communities. Owners see their homes as their share of the American dream, and their best way to save money.
Read full article as published in The New York Times