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Anyone hit by the housing crisis – an increasing number of us – has little patience for tinkering around the edges of the UK's dysfunctional and geographically distorted housing system.
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But it also distorts housing markets in ways that drive economists nuts.
"We are protecting them out of their homes!" That's fascinating, because Hensarling used to take the other side of the argument -- asserting in 2009 that "federal policies to promote lending and expand homeownership" had distorted the housing market, contributing to the housing crash and the economic crisis.
This type of sharing has distorted the housing market as a whole, as unrelated singles band together to create combined household incomes that will gazump any family with their wageless children.
Had members of Congress been demonstrating such loyalty to the Constitution all along, we wouldn't have a $10 trillion debt, nor would we have distorted the housing market with a perverse model of private profit and public risk.
Better still, he could scrap mortgage-interest relief, which distorts the housing market.
"Mistakes could distort the housing market or carry threats to financial stability".
The concern in some quarters is that the government's heavy involvement is distorting the housing market and the Treasury Department is moving too slowly to roll back the presence of Fannie Mae and Freddie Mac.
Once again, this will buy votes both from the buyers and the property developers: but to distort the housing market in this way is simply to encourage the over-pricing of property – which is of no social utility at all.
As the Grattan Institute notes, "Negative gearing effectively converts wage income into more concessionally taxed capital gains" And it does so in a manner that distorts the housing market and sees most of the benefits go toward the wealthiest.
Late in 2014, the Lyons Housing Commission – headed by the former BBC Trust chair, Sir Michael Lyons – warned that an artificial scarcity of land is distorting the housing market, limiting building and "incentivising the acquisition of land".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com