{"id":14059,"date":"2011-02-07T07:29:43","date_gmt":"2011-02-07T14:29:43","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=14059"},"modified":"2011-02-07T07:29:45","modified_gmt":"2011-02-07T14:29:45","slug":"if-government-doesnt-steer-capital-into-housing-the-capital-doesnt-disappear-it-could-fund-other-job-creating-businesses","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14059\/if-government-doesnt-steer-capital-into-housing-the-capital-doesnt-disappear-it-could-fund-other-job-creating-businesses\/","title":{"rendered":"“If government doesn’t steer capital into housing, the capital doesn’t disappear; it could fund other job-creating businesses.”"},"content":{"rendered":"

The Washington Post:<\/em><\/a><\/p>\n

Advertised as a way to stabilize the housing market, government-backed mortgage securitization ended up distorting and destabilizing it. The resulting misallocation of resources – evident not only in today’s massive bailout of Fannie and Freddie but also in the vast quantities of land, water and energy wasted on suburban sprawl from Las Vegas to Fort Lauderdale – is a true American tragedy. Today’s housing crisis is an opportunity to make sure nothing like it ever happens again.<\/p><\/blockquote>\n

Damn straight. This is the Post,<\/em> so the solution proposed is still WelfareLite, but any movement away from Rotarian Socialism is a move in the right direction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Washington Post: Advertised as a way to stabilize the housing market, government-backed mortgage securitization ended up distorting and destabilizing it. The resulting misallocation of resources – evident not only in today’s massive bailout of Fannie and Freddie but also in the vast quantities of land, water and energy wasted on suburban sprawl from Las […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[251,4,212,6,5],"tags":[],"class_list":{"0":"post-14059","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-big-mother","7":"category-disintermediation","8":"category-flourishing","9":"category-marketing","10":"category-real-estate","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":14109,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14109\/lets-unleash-the-genius-of-free-markets-on-the-capital-of-the-american-people-simply-by-refusing-to-load-the-dice-in-favor-of-housing\/","url_meta":{"origin":14059,"position":0},"title":"“Let’s unleash the genius of free markets on the capital of the American people simply by refusing to load the dice in favor of housing.”","author":"Greg Swann","date":"February 15, 2011","format":false,"excerpt":"President Barrack Obama released his proposed 2012 budget yesterday. The jeers greeting this event, from all wavelengths of the political spectrum, suggest that, at long last, people have finally begun to take the measure of this pathetic little man-boy. Even so, there is at least one tax increase in the\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14788,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14788\/wall-street-journal-a-home-is-a-lousy-investment\/","url_meta":{"origin":14059,"position":1},"title":"Wall Street Journal: “A home is a lousy investment.”","author":"Greg Swann","date":"July 12, 2011","format":false,"excerpt":"Ahem: \"Today's young people would be foolish to imitate their parents and view ownership as the cornerstone of personal finance.\" From the Wall Street Journal:At the risk of heaping more misery on the struggling residential property market, an analysis of home-price and ownership data for the last 30 years in\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2375,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2375\/government-interference-will-prolong-housing-woes\/","url_meta":{"origin":14059,"position":2},"title":"Government interference will prolong housing woes","author":"Greg Swann","date":"December 15, 2007","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link): \u00a0Government interference will prolong housing woes Want to make an economic problem worse? Interfere with it. As I write this, the Federal Reserve Bank just cut the Federal Funds Rate by another quarter-point. Why? To try to\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18156,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18156\/overnight-news-single-family-home-buyers-are-coming-from-somewhere-whats-going-on-with-the-housing-they-fled\/","url_meta":{"origin":14059,"position":3},"title":"Overnight News: Single-family home buyers are coming from somewhere. What\u2019s going on with the housing they\u00a0fled?","author":"Greg Swann","date":"May 19, 2021","format":false,"excerpt":"In 2006, we sold bedrooms without beds: Acres and acres of homes with no ready residents. Totally a cargo cult, of course: Houses are valuable even with no one to occupy them. But for a while you could flip a new build at COE for $50k more than the contract\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1788,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1788\/thomas-sowell-housing-woes-caused-by-land-use-restrictions-and-federal-micro-management-of-lenders\/","url_meta":{"origin":14059,"position":4},"title":"Thomas Sowell: Housing woes caused by land-use restrictions and federal micro-management of lenders","author":"Greg Swann","date":"August 11, 2007","format":false,"excerpt":"Hoover Institute Economist Thomas Sowell:Amid all the hand-wringing and finger-pointing as housing markets collapse, mortgage foreclosures skyrocket, and financial markets panic, there is very little attention being paid to the fundamental economic and political decisions that led to this mess. 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