My letter to the NY Times re: Looking for answers in all the wrong places

Re: Wall Street’s New Housing Bonanza, by Michael Corkery

Dear Sirs:
If Representative Mark Takano (D, CA) is concerned that securitizing investment in rental properties will result in a new, unsustainable bubble, he is looking for answers in all the wrong places.  Rather than restrict the free market’s apparently successful efforts to redeploy vacant, foreclosed homes as rental properties, he should lobby the Fed to end its massive and unprecedented money printing schemes that can only result in malinvested resources somewhere in the economy.  Patrick Barron

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