Home Sweet Home Government's Role in Reaching the American Dream

This paper investigates the role of government intervention in achieving the American dream of homeownership. The study analyzes the role of tax deductions in housing finance, including their impact on homeownership and housing consumption. The role of the Government Sponsored Enterprises in facilit...

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Bibliographic Details
Main Author: Tsounta, Evridiki
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Home Sweet Home  |b Government's Role in Reaching the American Dream  |c Evridiki Tsounta 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2011 
300 |a 46 pages 
651 4 |a United States 
653 |a Production Analysis and Firm Location: Government Policies 
653 |a Depository Institutions 
653 |a Real Estate 
653 |a Banks 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Industries: Financial Services 
653 |a Infrastructure 
653 |a Taxes 
653 |a Financial institutions 
653 |a Economic Development: Urban, Rural, Regional, and Transportation Analysis 
653 |a Housing Supply and Markets 
653 |a Micro Finance Institutions 
653 |a Housing 
653 |a Housing; Prices 
653 |a Mortgages 
653 |a National accounts 
653 |a Property & real estate 
653 |a Loans 
653 |a Regulatory Policies 
653 |a Saving and investment 
653 |a Tax allowances 
653 |a Personal Finance -Taxation 
653 |a Prices 
653 |a Macroeconomics 
653 |a Personal Income and Other Nonbusiness Taxes and Subsidies 
653 |a Governmental Loans, Loan Guarantees, Credits, and Grants 
653 |a Income tax 
653 |a Housing prices 
653 |a Fiscal Policies and Behavior of Economic Agents: Household 
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520 |a This paper investigates the role of government intervention in achieving the American dream of homeownership. The study analyzes the role of tax deductions in housing finance, including their impact on homeownership and housing consumption. The role of the Government Sponsored Enterprises in facilitating the creation of a secondary market for mortgage-backed securities is also analyzed as well as the role of the Federal Housing Administration. Cross-country comparisons of how housing is financed in other industrial countries is also provided, emphasizing how other countries have been able to achieve comparable homeownership rates as the United States in a less complicated and fiscally cheaper system. Country experiences of successfully phasing out government intervention are also analyzed