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Subsidized home ownership? Don't tell Thomas Sowell that idea.

How would that work?

You make it easier for people to own, then the prices increase. Do you subsidize more? If so, then it's just 2008 again.

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Just have Fannie and Freddie give preference to those loans in their purchasing decisions. You'd end up with weird MBS based on population performance as opposed to regional or time based, but at least then you can bid up the mortgages (and down the yields faced by consumers of color).

It can be done indirectly. Fund infrastructure that is needed for housing starts, do other things to remove obstacles to housing starts, etc.

Let’s set up a state guaranteed mortgage guarantor so the banks can relax their landing standards. And let’s call it Fannie Mae, or perhaps Freddie Mac...

Those are more or less direct subsidies.

Probably would not end well.

https://www.scotusblog.com/case-files/cases/collins-v-mnuchi...

Why are we talking about Fannie and Freddie? They are direct subsidies!

I'm talking about building power lines and wastewater plants and shit like that. Encouraging counties to adopt zoning that simplifies residential construction. Etc.

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