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Showing America a New Way Home: Expanding Opportunities for Home Ownership
     

Showing America a New Way Home: Expanding Opportunities for Home Ownership

by James A. Johnson, James Leech (Foreword by)
 
An insider's account of the initiatives that the world's largest financial corporatino is pursuing in order to increase home ownership, strengthen the housing industry, and boost the economy. Johnson explains the major forces shaping current patterns of home-ownership and describes new ways of making homes more affordable for all Americans.

Overview

An insider's account of the initiatives that the world's largest financial corporatino is pursuing in order to increase home ownership, strengthen the housing industry, and boost the economy. Johnson explains the major forces shaping current patterns of home-ownership and describes new ways of making homes more affordable for all Americans.

Editorial Reviews

Library Journal
Johnson is chair and CEO of Fannie Mae, the privately owned corporation that finances 20 percent of America's mortgages. As such, he could be expected to stump for home ownership, which he does in this book, including its history and its extent: 65 percent of American households own homes; for comparison, 30 percent do in Switzerland, 40 percent in Germany, and 61 percent in Japan. On the other hand, 33.5 million households rent, mainly, Johnson believes, because they don't know the mechanics and terminology of buying a home. He presents a ten-point program for increasing home ownership in America, hoping to raise it to 70 percent. Few would dispute the advantages of owning a home, but the obvious needs to be repeated now and then. Whether this justifies a whole book is problematic. Not an urgent purchase.Alex Wenner, Indiana Univ. Libs., Bloomington
Booknews
A mission statement from the CEO of the nation's largest financial institution. Johnson reveals Fannie Mae's plans to increase home ownership, strengthen the housing industry, and boost the economy. Relates the history of home ownership to the cultural, economic, and political landscape of the US, and explores discrimination and other barriers that prevent people from buying homes. Annotation c. by Book News, Inc., Portland, Or.

Product Details

ISBN-13:
9780787902728
Publisher:
Wiley, John & Sons, Incorporated
Publication date:
01/28/1996
Series:
Public Administration Ser.
Pages:
175
Product dimensions:
6.32(w) x 9.33(h) x 0.84(d)

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