State should rethink affordable housing scheme

Should the government intervene to address the situation in the housing market? A qualified yes would be my answer.

6th September, 2008

Should the government intervene to address the situation in the housing market? A qualified yes would be my answer.

History has taught us that such an intervention, however well intentioned, has typically far-reaching effects that might not have been foreseen at the time. Conventional logic would therefore suggest that government intervention in a market needs to be carefully thought out in terms of its timing and impact.

Between 2002 and 2006, the last government was...

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