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The wave of proposals for a US version of social housing is impressive, unrelenting, and coming at us in real time. It reflects the enormous frustration with rising rents and…

There is a growing recognition that zoning reform alone won’t solve the housing crisis. It can certainly create an onramp for more, and better, housing construction but it’s…

Is allowing borrowers to suspend mortgage payments an effective way to stabilize the economy during a recession? In a new working paper, Omeed Maghzian and I attempt to…

This paper estimates the impact of household liquidity provision on macroeconomic stabilization using the 2020 CARES Act mortgage forbearance program. We leverage…