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Annual Privatization Report examines privatization and public-private partnership trends at the federal levelApril 15, 2013
The federal section of Reason Foundation's Annual Privatization Report 2013 provides an overview of the latest on federal government privatization and public-private partnerships. Topics include:
Subsection of Annual Privatization Report 2013: Federal Government PrivatizationApril 15, 2013
This subsection of Reason Foundation's Annual Privatization Report 2013: Federal Government Privatization details miscellaneous news and notes from the privatization of federal government services.
The Obama administration is concerned that even in the midst of the housing market’s recovery, many young people and people with bad credit can’t borrow money to buy homes. Yes, this sounds eerily similar to the policies that helped create the housing bubble in the first place. And yes, while ensuring that homes loans are available to all borrowers is a well-intentioned plan to help low-income families, it will likely hurt them.
Who Benefits and By How Much?December 12, 2012
The federal income tax code is riddled with loopholes, deductions and credits designed to promote various social goals and benefit assorted groups of Americans. One of the largest of these is the mortgage interest deduction (MID), which allowed taxpayers to claim benefits of $82.7 billion in 2010, the latest data available. Given the number of recent proposals to change the MID in some way, it is helpful to review which households are claiming the mortgage interest deduction.
In a new policy summary, Reason Foundation offers a update to the 2011 study "Unmasking the Mortgage Interest Deducton" and takes a look at who is currently benefiting from the MID.
Joint Committee on Taxation data shows households making $100,000 or more a year constitute 55 percent of those claiming the MID, and they receive 78 percent of the deduction’s total benefits. The last two columns of our table of the JCT data show the average tax savings that households in each income group receive from the MID, and what those savings represent in monthly savings. For example, the MID saves middle-class households making between $40,000 and $75,000 a year around $80 a month. The MID is not the middle-class savior it is made out to be.
What housing data you should look for in the coming monthsOctober 24, 2012
With a large amount of housing data coming out over the next few days (including the FHFA price data leaked last night), we are likely to see a full range of headlines either proclaiming a continued housing recovery or warning that single data points can’t be considered in isolation. Housing analysts are notorious for their heterogeneous outlook, so this non-convergence of opinion is to be expected. But can we filter through the headline noise to identify which reports are providing the most robust analysis? Sure, just look for the reports that include a comment or two about a coming foreclosure wave—those are the more robust stories.
The reality is that foreclosures are far from having hit their bottom. They declined after the “robo-signing” scandal in late 2010, which revealed that banks were processing foreclosures too quickly. But this slowdown was the result of procedural changes, not resurgent market strength. A recent Barclay’s forecast estimates foreclosures will be rapidly picking up steam going into 2013 and peaking in 2014 before they actually start to dissipate towards the end of 2014 and beyond. We have replicated their forecast to show a few key events that impacted the numbers.
View Resources by Type
- San Francisco 'Values' Pricing Poor Out of the City
November 29th, 2013
- From Moderate Republican to Green Reaganite
November 25th, 2013
- How Government Intervention Stifles Immigrants in Europe
November 6th, 2013
- I Can't Hear You
October 31st, 2013
- Brickbat: I Can't Hear You
October 31st, 2013
- NYC's Crony-Capitalist Affordable Housing Industry: Jim Epstein in the New York Daily News
October 21st, 2013
- NY Times Horrified That Rent Control Leases Might Be Treated Like the Assets They So Obviously Are
October 21st, 2013
- "Economics Teaches Us Humility": Q&A with George Mason University's Pete Boettke
October 15th, 2013
- New York’s Petty War on Airbnb: Jim Epstein in The Daily Beast
October 12th, 2013
- Bloomberg Off-Handedly Suggests Fingerprinting New York Public Housing Residents
August 16th, 2013
- And Now the Rest of the Story About the Poster Child for Eminent Domaining Mortgages
August 1st, 2013
- Cities Prepare to Use Eminent Domain for Underwater Mortgages
July 30th, 2013
- Nearly One Quarter of Federal Foreclosure Prevention Participants Re-Defaulting on Mortgages
July 24th, 2013
- NYC Council Supporting Bloomberg's Push for Legal Hostels
June 26th, 2013
- Why New Urbanism Doesn't Work
June 7th, 2013
- Zoning Kills Affordable Housing
May 7th, 2013
- Vernon Smith and Steve Gjerstad on Housing and the Never-Ending Recession
April 7th, 2013
- The Most Important State-Federal Dispute You're Not Paying Attention To
April 4th, 2013
- New Obama Housing Loan Policy: The Definition of Insanity?
April 3rd, 2013
- Reinflating the Housing Bubble: Department of Agriculture Edition
March 24th, 2013
- How Government Handouts Foster Dependency
January 9th, 2013
- Banks Settle More Robo-Signing Claims, Regulators Get Political Win
January 8th, 2013
- Study Says Community Reinvestment Act Induced Banks To Take Bad Risks
December 21st, 2012
- Who Benefits from the Mortgage Interest Deduction?
December 12th, 2012
- Guns Don’t Kill People; Unlicensed Boarding Homes Kill People
December 11th, 2012
- Richmond's Bad Idea to Use Eminent Domain Against Underwater Mortgages (7/31)
- Federal Privatization Update (4/15)
- ANALYSIS: Privatization of Financial Regulation is Not Impossible (4/15)
- How Obama’s Plan to Encourage Homeownership Will Hurt the Poor the Most (4/3)
- Unmasking the Mortgage Interest Deduction - Update 2012 (12/12)
Experts: Housing, Mortgages, Fannie Mae and Freddie Mac
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