Anderson: Address the Housing Crisis's Underlying Issues

The following op-ed was crossposted from Roll Call.

President Barack Obama and Federal Reserve Chairman Ben Bernanke seem enamored with renting foreclosed properties to blunt price decreases and to stir economic recovery, but that’s a bandage for symptoms as opposed to a real cure.

Instead, we need to learn from the problems that landed us in this mess in the first place, working to bring government policies in line with good business sense and to incentivize market-driven development.

Or, in the words of investor Warren Buffett, “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”

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Smart growth news – January 5, 2012

Federal HUD grant drives development in East Austin
YNN (Texas) – January 4, 2012
A large plot of land in East Austin will soon be developed into a mixed-income, sustainable community, thanks to a $3 million grant from the U.S. Department of Housing and Urban Development.

Fed Urges Action on Housing
Wall Street Journal – January 5, 2012
The paper said some 60 metro areas had at least 250 foreclosed properties for sale by Fannie, Freddie and federal agencies—enough to efficiently execute rental programs. About two-fifths of properties held by Fannie could produce returns that justify converting them, it said.

Why Some Cities Are Healthier Than Others
The Atlantic Cities – January 5, 2012
Metro health is closely associated with commuting patterns. Metros where greater shares of people walk and bike to work do better on the Metro Health Index (.62). Conversely, the share of people who drive to work alone is negatively associated with the Metro Health Index (-.47).

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