Lok Sang Ho argues that the bailout plan merely buys time. Other policies to stop the hemorrhage stemming from the housing market and to restore interest in home-buying in the short term are necessary.

Lok Sang Ho of Lingnan University takes issue with Edward Glaeser and Joseph Gyourko for their free-market views of housing, and argues that a price floor could be cheaper than you might think.

The prevalent practice of public participation in housing is taken as indicating a 'revealed public preference' for better housing for the poor. Assuming that sufficient external benefit exists to justify public housing, this paper attempts to derive analytically the best public housing...

This paper discusses the rationale behind rent control and analyses its effects using a capital theory framework in combination with traditional bid rent analysis. The experience in Hong Kong and Ontario is found to support the author's hypothesis that in addition to the reasons given by other...

The article presents and illuminates evidence, based on recent Hong Kong experience, indicating the existence of a "housing ladder effect" when housing prices increase or decrease. An increase of housing equity at the bottom of the ladder tends to translate into a trading up activity that will...