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.

Off Topic: C-SPAN Launching Searchable Video Library, 1987-Today.

Hat Tip to BeSpacific for this item:

Washington Post Political Blog: "On Wednesday [March 17, 2010], C-SPAN will launch a searchable video library that includes all of its programming dating to 1987. Which means that, if you were so inclined, you could watch every one of the late Sen. Ted Kennedy's floor speeches or relive Barack Obama's speech at the 2007 Iowa Democratic Party Jefferson-Jackson Dinner. Of the video library, C-SPAN co-president Susan Swain said: "Its extensive holdings will allow the public to see how elected officials, politicians, journalists, experts, authors and other opinion leaders present themselves on the issues of the day and over time." Bonuses: A "Congressional Chronicle" feature lets viewers to search all floor speeches and committee remarks for any member, and built-in tools allow you to post a video link to Facebook, Twitter or e-mail."

Originally created and posted on the Oregon Housing Blog.