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October 2014

Housing & Finance Experts Debate Merits of Homeownership in New Book

By NWREporter

October 2014

Despite setbacks associated with the housing crisis, and other challenges and risks, Americans overwhelmingly still aspire to homeownership, citing both financial and non-financial reasons. A new book from The Harvard Joint Center for Housing Studies reexamines the goals and risks of ownership and showcases strategies for balancing different interests.

"Homeownership Built to Last: Balancing Affordability, Access, and Risk after the Housing Crisis," is a five-part compilation of research by housing, real estate and finance experts. They offer different views on homeownership as a policy goal, the home-buying process (particularly for lower income households), and suggest approaches for assessing and mitigating risk. In the final two sections, the book's contributors deliberate the government's role in housing finance, and discuss ways to balance affordability and risk, as well as how to sustain homeownership, especially among minorities and low income families.
The 487 page book is authored by three colleagues at The Joint Center. More than two dozen others contributed content. It is available as a paperback or in Kindle format.