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Walk Away (Large Print Edition): The Rise and Fall of the Home-Ownership Myth
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Housing, a central priority for government policy for many decades, collapsed in 2008; even in 2011, millions of homes are under water. This poses many economic and ethical issues. This elegant and fact-filled book by former Mises Institute president Doug French examines the background to the case of "strategic default," or walking away from your home, and considers its implications from a variety of different perspectives. The thesis here is that there is nothing ominous or evil about this practice. It is an extension of economic rationality.
Housing, a central priority for government policy for many decades, collapsed in 2008; even in 2011, millions of homes are under water. This poses many economic and ethical issues. This elegant and fact-filled book by former Mises Institute president Doug French examines the background to the case of "strategic default," or walking away from your home, and considers its implications from a variety of different perspectives. The thesis here is that there is nothing ominous or evil about this practice. It is an extension of economic rationality.
- GenresEconomics
94 pages, Paperback
First published January 1, 2010
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Displaying 1 - 2 of 2 reviews
October 26, 2012
Well researched information on home ownership and how destructive the current system is.
March 6, 2018
Interesting book. While I have no desire to use strategic default, the history and context supplied by this book was fascinating. No wonder all surburbs look the same!
Displaying 1 - 2 of 2 reviews