Last month, senator and presidential hopeful Elizabeth Warren (D., Mass.) reintroduced a radical proposal to address what she has identified as shortcomings in federal housing policy. Unfortunately, Senator Warren is just proposing more of the same: higher taxes, more inefficient spending, and even greater government intrusion in the housing market. Masked as a sensible solution to tackle a shortage of housing, her proposal could actually set the stage for another government-caused foreclosure crisis similar to 2008’s — and taxpayers would again be left footing the bill.
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