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Originally Posted by SFLRN  That's an interesting statement because the United Kingdom has a larger percent of it's population under the poverty line than in the U.S. |
Why are you bothering to compare the UK and the US? They're virtually peas in the pod when it comes to poverty analysis (the only difference being the UK has higher pre-intervention poverty and has a slightly more effective welfare policy).
I'm doing something a tad more than that. I'm saying that if you compare welfare state systems, the more effective systems coincide with higher home ownership rates. Housing tenure becomes a means to self-insure.
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I'm trying to point out why the evidence might not say what you think it does. I'd need to read it before we could know either way. Could I see some evidence on that?
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Try the work by the
Joseph Rowntree Foundation Quote:
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There are then externalities on both sides, but what definitively shows it one way or the other?
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As I said, I'd make a distinction between types of market failure. Externalities are consistent with home ownership. We have to refer to other problems to highlight the potential inefficiencies from the rental market