Disjointed policies thwarting housing, economists lament
Raphael Bostic is quoted in an article on housing policy in Market Watch.
Officials should pay more attention to whether various policies are accomplishing desirable and efficient goals, experts said. Benefits from the popular mortgage-interest deduction, for example, skew toward higher-income households, critics note.
“[It’s] an expenditure that is not actually accomplishing a social benefit, so we have to change that,” said Raphael Bostic, a professor at the University of Southern California and former assistant secretary for policy development and research at the U.S. Department of Housing and Urban Development.