Analysis Estimates that US Home Ownership Policies Have NPV Cost of $2.5 Trillion, and Didn't Raise Homeownership Rates.

Thanks to tip from [highly recommended] beSpacific found new paper from Policy Analysis HERE. Author says: 

I estimate that the net present value of U.S. housing policy designed to promote homeownership is $2.5 trillion and document that homeownership policies in the United States have had little effect on homeownership rates.

The paper does not appear to attempt any calculations of the net present value of state tax policies that benefit home ownership.

Originally created and posted on the Oregon Housing Blog.