Homeownership and America's Financial Underclass
Title | Homeownership and America's Financial Underclass PDF eBook |
Author | Mechele Dickerson |
Publisher | Cambridge University Press |
Pages | 289 |
Release | 2014-06-30 |
Genre | Law |
ISBN | 1139992635 |
Why does America have a love affair with homeownership? For many, buying a home is no longer in their best interest and may harm their children's educational opportunities. This book argues that US leaders need to re-evaluate housing policies and develop new ones that ensure that all Americans have access to affordable housing, whether rented or owned. After describing common myths, the book shows why the circumstances now faced by America's financial underclass make it impossible for them to benefit from homeownership because they cannot afford to buy homes. It then exposes the risks of 'home buying while brown or black,' discussing US policies that made it easier for whites to buy homes, but harder and more costly for blacks and Latinos to do so. The book argues that remaining racial discrimination and certain demographic features continue to make it harder for blacks and Latinos to receive homeownership's promised benefits.
Regaining the Dream
Title | Regaining the Dream PDF eBook |
Author | Roberto G. Quercia |
Publisher | Rowman & Littlefield |
Pages | 178 |
Release | 2011-07-27 |
Genre | Business & Economics |
ISBN | 0815721730 |
Millions of Americans have lost their homes since the start of the recession initiated by the financial crisis of 2008–09. But is the dream of homeownership for America's working families obsolete, an aspiration from a bygone era? Regaining the Dream rejects that notion and proposes a way to strengthen the financial system while simultaneously promoting an equitable and viable American homeownership policy. For the first time, the authors of Regaining the Dream offer data-driven evidence on how the mortgage industry can serve working families in the United States, pointing the way to a pragmatic housing policy that promotes the opportunity for sustainable homeownership. Taking the reader step by step through the lending crisis and what caused it, the authors include useful and clear definitions of terms heard almost daily in news coverage. And they give a fair account of the history behind Fannie Mae and Freddie Mac and the new Dodd-Frank law, explaining what remains to be done to uphold one of the defining characteristics of the American dream.
A World of Homeowners
Title | A World of Homeowners PDF eBook |
Author | Nancy Kwak |
Publisher | University of Chicago Press |
Pages | 340 |
Release | 2018-09-28 |
Genre | History |
ISBN | 022659825X |
In Latin America, Scandinavian housing experts explained that "housing is too important a commodity to be subjected to the same general market conditions as other goods", but the Americans ridiculed such a stance. The Cold War was fought with bricks and mortar, not just small, hot wars in poor places and the threat of nuclear Armageddon. Privatisation began in Malaysia in the 1940s; in West Germany, Taiwan, Burma and South Korea in the 1950s; India in 1964; Jordan in 1965; Brazil in 1966; Guatemala and Nigeria in 1967; and the Philippines (again) in 1968. In the 1960s, the US granted loans to expand the private housing sectors in Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Nicaragua, Panama, Peru, Uruguay and Venezuela. They began housing projects in Rhodesia, Zambia and Mali. They moved into Senegal in 1972, Botswana in 1973, Tanzania in 1974 and Kenya in 1975 - all the while spreading the American dream.
The Rise and Fall of the Neoliberal Order
Title | The Rise and Fall of the Neoliberal Order PDF eBook |
Author | Gary Gerstle |
Publisher | Oxford University Press |
Pages | 441 |
Release | 2022 |
Genre | History |
ISBN | 0197519644 |
Gary Gerstle provides a sweeping re-interpretation of the entire era - from the revival of market liberalism in the 1970s to the ruin generated by the 2008 global financial crisis - that places America at the center.--
The Foreclosure Echo
Title | The Foreclosure Echo PDF eBook |
Author | Linda E. Fisher |
Publisher | Cambridge University Press |
Pages | 227 |
Release | 2019-07-18 |
Genre | Business & Economics |
ISBN | 1108415571 |
Fisher and Fox demonstrate how ordinary people experienced the foreclosure crisis and how lenders and public institutions failed to protect them.
Predatory Lending and the Destruction of the African-American Dream
Title | Predatory Lending and the Destruction of the African-American Dream PDF eBook |
Author | Janis Sarra |
Publisher | Cambridge University Press |
Pages | 329 |
Release | 2020-07-09 |
Genre | Law |
ISBN | 1108853331 |
Since the Great Recession of 2008, the racial wealth gap between black and white Americans has continued to widen. In Predatory Lending and the Destruction of the African-American Dream, Janis Sarra and Cheryl Wade detail the reasons for this failure by analyzing the economic exploitation of African Americans, with a focus on predatory practices in the home mortgage context. They also examine the failure of reform and litigation efforts ostensibly aimed at addressing this form of racial discrimination. This research, augmented by first-hand narratives, provides invaluable insight into the racial wealth gap by vividly illustrating the predation that targets African-American consumers and examining the intentionally obfuscating settlement terms of cases brought by the U.S. Department of Justice, states attorneys, and municipalities. The authors conclude by offering structural, systemic changes to address predatory practices. This important work should be read by anyone seeking to understand racial inequality in the United States.
American Nightmare
Title | American Nightmare PDF eBook |
Author | Randal O'Toole |
Publisher | Cato Institute |
Pages | 340 |
Release | 2012-05-16 |
Genre | Political Science |
ISBN | 1937184897 |
The American Dream turned into a nightmare when the housing bubble burst, and people have been trying to figure out who to blame- Greedy bankers? Corrupt politicians? Ignorant homeowners? In American Nightmare: How Government Undermines the Dream of Homeownership, Randal O'Toole explores the forces at play in the housing market and shows how we can rebuild the American dream of homeownership by eliminating federal, state, and local policies that distort the free market for housing.