How to justify government subsidies of home ownership
Microeconomics
The federal government heavily subsidizes the purchase of housing through various methods. Proponents of these subsidies lobby government and argue that these subsidies are justified because there are positive externalities from people owning homes instead of renting. Perform a Google search to find what externalities these proponents claim. Do you believe that these externalities claimed are truly externalities and justify government subsidies of home ownership?
