"Still, it's a fine line between removing needless barriers and using public policy to push home sales, said Stuart Gabriel, director of UCLA's Ziman Center for Real Estate. Through much of the 1990s and 2000s, both Democratic and Republican administrations worked to expand homeownership, pushing the nation's homeownership rate to a high of 69% in 2004 — right before the crash. Today, homeownership is below 65%, a 19-year low. "We didn't really create homeownership," Gabriel said. "We created transitory homeownership that ended in serious hard times for millions of people."..."
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10/26/2014
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About UCLA Ziman Center for Real Estate
- UCLA Ziman Center is a multidisciplinary research center of UCLA Anderson School of Management and UCLA School of Law. We seek to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders and providing meaningful forums for industry professionals and policy makers.
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