Homeownership at Any Cost: How the National Association of Realtors Convinced Taxpayers to Subsidize the American Dream (Minyanville Media) [Kindle Edition]

Andrew Jeffery (Author)

Book Description

With its extraordinarily powerful Washington lobbying organization, massive political contributions, and members in every Congressional district, the National Association of Realtors (NAR) has distorted U.S. housing policy for generations. NAR’s efforts have consistently enriched real estate professionals by making home purchasing artificially cheap and easy. In Homeownership at Any Cost, Andrew Jeffery tells this hidden story, shining a light on NAR’s outsized role in designing U.S. housing policies for nearly a century and examining accusations that it played a key role in inflating the housing bubble that nearly destroyed the global financial system. Jeffery recounts the NAR’s absurdly rosy projections about real estate markets in the years running up to the mortgage meltdown, showing how the organization has managed to fly “under the radar” while other market players have been pilloried by the media and policy makers. He concludes by revealing the crucial behind-the-scenes role NAR is playing right now in the debate over remaking U.S. housing policy, its self-serving attempts to rewrite federal mortgage policy to suit its own ends, and its advocacy of a near-complete abdication of the mortgage market to the federal government.

Product Details

• File Size: 144 KB
• Print Length: 23 pages
• Simultaneous Device Usage: Up to 5 simultaneous devices, per publisher limits
• Publisher: FT Press; 1 edition (November 29, 2011)
• Sold by: Amazon Digital Services, Inc.
• Language: English
• ASIN: B006FTIIW2
• Text-to-Speech: Enabled
• X-Ray: Not Enabled
• Lending: Not Enabled
• Amazon Best Sellers Rank: #858,123 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

Most Helpful Customer Reviews

2 of 3 people found the following review helpful

5.0 out of 5 stars Insightful analysis December 15, 2011

By L. Friedrichs

Format:Kindle Edition

Wow! this is an insightful, eye-opening book. This is a must read for anyone who owns a home or wants to someday!

More About the Author

Andrew is Co-Founder and Chairman of Cirios Real Estate, a real estate investment firm in San Francisco. Prior to founding Cirios, Andrew worked for seven years in New York in the mortgage finance business.

Andrew is a published author, whose work has appeared in the Wall Street Journal, Bloomberg, Minyanville and HousingWire.

Andrew holds a degree in Economics from UC San Diego and is an avid trail runner.