As in much of east Asia, the past few decades have seen extraordinary rates of house price inflation in Hong Kong. After a relatively modest downturn in the early 1980s, prices rose rapidly until the Asian financial crisis in 1997. Since then, and despite increased government efforts to...

There is no lack of social and political reasons in favor of public policies oriented toward helping people to become homeowners. In this study, we undertake a normative inquiry into the moral foundation, if any, behind those politically viable and beneficial publicly supported homeownership...