Well Worth Saving: How the New Deal Safeguarded Home Ownership

by Kenneth Snowden, Price Fishback, Jonathan Rose, et al.

The urgent demand for housing after World War I fueled a boom in residential construction that led to historic peaks in home ownership. Foreclosures at the time were rare, and when they did happen, lenders could quickly recoup their losses by selling into a strong market. But no mortgage system is equipped to deal with credit problems on the scale of the Great Depression. As foreclosures quintupled, it became clear that the mortgage system of the...

• Format: Hardcover
• Language: English
• ISBN: 022608244X
• ISBN13: 9780226082448
• Release Date: October 2013
• Publisher: University of Chicago Press
• Length: 192 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.6" x 6.3" x 9.3"