Zoltan Szelyes 
RealEstate&Politics
The failure of the hybrid government-private mortgage finance model
Many are seeing in the global financial crisis the greatest example of the failure of unregulated free markets. However, these assertions do not withstand any in-depth review of the mortgage market structure. The financial crisis rather reveals the failure of the hybrid government-private mortgage finance model. Here, I am outlining, how the involvement of governments in mortgage markets can exacerbate the weaknesses of private market structures. It can even lead to an explosive amalgam that provides the basis for a perfect storm.
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Introducing RealEstate&Politics
I’d like to introduce RealEstate&Politics, a new subcategory of my blog that deals with the link between politics and real estate markets. I not only want to shed more light on the often opaque relationship between politics and real estate but also highlight some ideas, how the structure of real estate and mortgage markets could look like in the future. The latter is a highly political question as well.