Publication Date
1-1-2011
Document Type
Book
Organizational Units
Sturm College of Law
Keywords
Subprime mortage crisis, Housing bubble
Abstract
In the aftermath of the American housing collapse in 2008, many ask why. The Great American Housing Bubble: The Road to Collapse asks a different and more fundamental question - how the bubble was created in the first place. To answer that question, it examines the causes, both political and economic, of the American housing bubble created between 1940 and 2007. Those causes encompass everything from federal income tax subsidies for housing to local exclusionary policies, banking, accounting, real estate appraisal, and credit agency rating practices and policies. The book also takes into account the impact of greed, government regulation, speculation, and psychology including blind faith in investment advisors on the creation of the greatest asset bubble in the economic history of the world. The author takes a comparative historical approach, examining the current crisis in the light of notorious bubbles of the past. In the end, he concludes that the events precipitating the most recent collapse can be traced, at least in part, not to too little government regulation, but to too much.
Publication Statement
Copyright is held by the author. User is responsible for all copyright compliance. Book is available from publisher at: https://www.abc-clio.com/products/a2651c/
Recommended Citation
Robert M. Hardaway, The Great American Housing Bubble : The Road to Collapse (2011).