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Greg Mankiw's Blog: Environmentalism vs Homeownership
Bubble Meter: Home buyer tax credit = more global warming
MV=PQ: A Resource for Economic Educators: Unintended Consequences and Negative Externalities
Reactions
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Renew the home tax credit? Per person energy use in owner-occupied housing is 39% higher than in rental units http://tinyurl.com/y9t7m2e 11 days ago |
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Oops: Harvard economist says Democrat-led home buyer tax credit contributes to global warming http://is.gd/4QbjK 13 days ago |
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For the sake of the environment, tell Congress not to extend the housing tax credit http://bit.ly/epPn6 (via @Richard_Florida) 16 days ago |
Environmentalism vs Homeownership
Greg Mankiw's Blog —
Ed Glaeser on the negative externalities from suburban sprawl.
Home buyer tax credit = more global warming
Bubble Meter —
According to Harvard economist Edward Glaeser, Congress and the White House are intent on harming the planet: ENVIRONMENTALISTS who are worried about global warming should pay attention to the congressional debate about extending the home buyers tax credit. Federal tax policies toward housing have long encouraged Americans to emit more carbon. President Obama could do the country, and the planet, a service by either refusing to sign the extension of the $8,000 credit or by insisting that it be accompanied by offsetting reductions in the home mortgage interest ...
Unintended Consequences and Negative Externalities
MV=PQ: A Resource for Economic Educators —
Finally, here's a very thought-provoking opinion piece from yesterday's edition of The Boston Globe on how incentives set up to promote one policy can have a negative effect on another, creating negative externalities that have to be accounted for in the process. ...
Lunchtime Links 11-6
Rolfe Winkler —
... With tax break, a bigger carbon footprint (Glaeser, Boston Globe) “The real problem with the [home buyer tax] credit is that it continues the long-standing federal push toward far-flung McMansions and away from dense, apartment living.” It’s not just about carbon consumption. It’s about encouraging the expansion of a footprint that our incomes can no longer support. ...
