A regulatory nightmare haunts the American dream. (government regulations that increase cost of home ownership)

From: Insight on the News | Date: February 12, 1996| Author: Hanson, Gayle M.B. | Copyright information

Housing regulations add 10% to 25% to the cost of a house, but regulatory reform and a balanced budget could make home ownership possible for more Americans. Pres Bill Clinton vetoed a balanced-budget bill that probably would have lowered interest rates and made mortgages more affordable.

The rate of home ownership for Americans under age 40 has fallen by 10 percent. Families are priced out by costs added by government ranging from deficit-driven interest rates to environmental extr...

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