The 1990s witnessed a revolution in the way the United States finances housing. Gone is the insulated system of thrifts whose special job was to collect savings deposits and issue mortgages. Gone too are the institutional foundations of this system—the passbook account and the fixed-rate mortgage. Mortgage lending in this new financial environment is increasingly …

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The New Reality of Municipal Finance examines the growth and decline of fiscal dependency in the large cities of the United States. Intergovernmental cities became dependent upon a variety of revenues, primarily from federal and state governments, to support an array of local public services that were basic to the needs of their citizens. This …

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Mount Laurel II is a historic state supreme court decision which mandates that all new residential development include housing for low- and moder­ate-income families. This study provides a rational approach to low-cost housing. Methods for defining housing market areas are given, as well as demand and supply projection techniques. Housing cost reduction alternatives and allocation …

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Money, Capital, and Fluctuations: Early Essays – by F.A. Hayek