Postcrisis Policies Drive Housing Inequility
By Sarah Chacko
Housing inequality has worsened since the 2008 financial crisis, despite trillions of dollars in affordable-housing subsidies, according to a paper by Karen Shaw Petrou, managing partner of Federal Financial Analytics, Inc. “Key inequality drivers are the [Federal Reserve’s] portfolio, ultralow interest rates, certain aspects of the new bank capital-and-liquidity rules, and the qualified-mortgage criteria,” she writes. Her paper outlines policy changes that congress and the White House might consider.
https://www.wsj.com/articles/postcrisis-policies-drive-housing-inequality-1501533432