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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.
Persistent link: https://www.econbiz.de/10014591655
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.
Persistent link: https://www.econbiz.de/10014591665