By Michael Hiltzik | Los Angeles Times
Housing has stood out as the sick man of the U.S. economy in bad times and better times. For all its work on economic stimulus in various forms, the Obama administration has never been able to get its hands around a solution for the housing crash. That’s not unprecedented–the New Deal never came up with a lasting solution for the housing crisis of the ’30s, either. Housing is tough.
Over the last couple of days Brad DeLong, Kevin Drum and Felix Salmon have all taken a crack at the scale and the reasons for the weak performance of housing during this recovery. They approach the issue from slightly different perspectives, and the truth looks to emerge from a triangulation among them.
Related: Housing bust hurt minority home values most
