Homeownership at Any Cost
How the National Association of Realtors Convinced Taxpayers to Subsidize the American Dream
The National Association of Realtors (NAR) is the housing industry’s most powerful lobbying group and the country’s most vocal advocate of homeownership. NAR argues that by subsidizing home buying, the government can help American families achieve the American Dream, making upward social mobility possible for everyone. But at what cost? This piece traces the influential role NAR played in designing U.S. housing policies that enriched real estate professionals by making buying a home cheaper and easier than ever before. It also examines accusations that NAR was an essential, albeit often overlooked, culprit in blowing ...