The Housing Boom and Bust

Very insightful book about part of our economic situation. Government intervention is one of the causes of the housing boom and bust. We know that the more we allow the government to intervene in our lives the greater the changes of our down fall increases. Not a long book and a must read.

Sowell's The Housing Boom and Bust is a thorough and scathing analysis of government interference in the housing and lending market, from land-use restrictions to the corrupt influence of Congress over federal regulators to the Community Reinvestment Act to the artificially low interest rates of the......more

As he always does, Dr Sowell has written the most straight forward, well researched, and honest explanation for the housing and financial situation that we find ourselves in. I work in the mortgage industry and being an economics student, I have found myself reading many books and articles on this s......more

In his latest effort, Thomas Sowell outlines the origins of the American housing boom and bust in the first decade of the new millennium. The current economic downturn began with the decline in real estate prices and the increase in payment delinquencies and foreclosures. Few people understand the d......more

One of the chief roles of an economist is being a historian. In order to understand a financial crisis, not only do you need to know the numbers and the inciting events that took place, but also the political and social trends leading up to and surrounding them, and that's what Sowell does so well (......more

I like how author Sowell explains how there was no single cause or the housing crisis because both the democrats and the republicans were complicated. In order for us to understand what author Sowell is trying to teach we must first learn and understand what the following agencies do: “The Federal Re......more