Financial Reform or Social Engineering?
Everyone agrees that, by lowering credit requirements, Fannie Mae and Freddie Mac played an important role in the recent financial crisis. Now the Obama administration has promised to reform those “government-sponsored enterprises” (GSEs). However, as faithful Antiplanner ally Ron Utt warns, Obama’s idea of reform is more focused on changing American lifestyles than on preventing […]
Are the Rich the Biggest Defaulters?
Last week, the New York Times published an amazingly shallow article saying the “biggest defaulters on mortgages are the rich.” This contention is supported by a single pair of data: the owners of about 14 percent of homes worth more than $1 million are delinquent on their mortgages, while only “about” 8 to 9 percent […]
The Antiplanner’s Library: Visiting Paradise
One of the Antiplanner’s co-speakers during a couple of events in Honolulu is David Callies, a law professor and author of two books on Hawaii land-use law: Regulating Paradise and Preserving Paradise. Hawaii passed the first statewide growth-management law in 1961, and still has about the strictest land-use laws in the nation. Not coincidentally, it […]
