PLAN103 Chapter Notes - Chapter 9: Market Failure, Energy Industry, Loan
21 Dec 2016
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Housing and mortgage policy: homeownership is a valued central tenet of the north american way of life. Houses typically appreciate in value over time and provide a major, if not the largest, source of wealth creation for most families. The united states federal government has issued mortgages for homebuyers since the creation of the. Mortgage interest and property tax are eligible as income tax deductions. Canadian initiative of the same are were similar, but not as influential or widespread. The veterans land act of 1942 provided housing to veterans return from ww2 and assisted in the creation of some fifty thousand homes. Dominion housing act (1935) by providing a government guarantee or insurance, this act encouraged lenders to provide long-term amortized mortgages to home-owners. The initiatives of helping returning veterans readjust to civilian life have consequences. In terms of their impact on consumption patterns and urban development patterns.
