Government Subsidies for Second Mortgages: A Risky Business

This chapter explores the government's persistent involvement in subsidizing second mortgages through federal organizations despite previous commitments to privatize them, raising concerns about potential risks and future financial crises. It also critiques the idea of further subsidizing second mortgages and discusses Biden's proposal for direct subsidies to first-time homebuyers to address high home prices, highlighting historical patterns of repeating mistakes in decision-making and regulatory actions.

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