Friday, March 11, 2011

End suburban subsidies

In an Op-ed in Thursday's Globe, Harvard economist Ed Glaeser argues that the time has come to end public subsidies of suburban single family homes. Glaeser points to the home mortgage interest deduction and policies of Freddie Mac and Fannie Mae as being not only injurious to urban dwellers, but two central elements in transforming our country into a "foreclosure society" and not an ownership society.

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