<title>Abstract</title> Public policy should be directed at serving the large number of borrowers who have recently taken out subprime loans and who are at serious risk of losing their homes when their mortgages reset. Practicing forbearance and providing counseling for defaulting homeowners, as well as...

Almost a decade ago Aaron Director proposed a law of public expenditures: Public expenditures are made for the primary benefit of the middle classes, and financed with taxes which are borne in considerable part by the poor and the rich.... Fire and police activities, for example, are clearly...

This paper discusses the recommendations of the President's Commission on Housing in the area of low-income housing policy and programs. It concentrates on the basic policy proposals concerning future program directions, which occupy the first two chapters of the Commission's "Report"[7]. It...

"Editors' Note:" At AREUEA's 1985 annual meeting, a special session was held to celebrate the 20th anniversary of AREUEA. The session was proposed by George Gau, the 1985 program chairman, and chaired by Patric H. Hender-shott, the 1985 president. George and Pat selected four past presidents to...