Tournament: CFL Qualifier | Round: 3 | Opponent: SMNW MH | Judge: Panel
The affirmative increases subsidies for those in poverty, enabling them to borrow more money than they can pay back-~--incentivizing people to buy bigger houses than they need-~--the economic losses from this alone reach the trillions
Acharya et al 11 — *all of the authors* are professors at the New York University Stern School of Business
(Viral V. Acharya, Matthew P. Richardson, Stijn Van Nieuwerburgh and Lawrence J. White, "Why We Should End Homeownership Subsidies," New York Times, 8-16-2011, http://www.nytimes.com/2011/08/17/opinion/why-we-should-end-homeownership-subsidies.html)//NM
THE United States spends more than $100 billion annually to subsidize homeowners. Renters
AND
be to gradually wind down Freddie Mac and Fannie Mae and to scale back
Giving real estate to people that can’t afford it artificially drives up housing prices-~--creating a bubble-~--it’ll pop, collapsing the housing market and causing another recession like the one in ’08-~--government regulation inherently destabilizes the market
Randazzo 11 — director of economic research for Reason Foundation, a nonprofit think tank advancing free minds and free markets
(Anthony Randazzo, "Ten Arguments Against a Government
Guarantee for Housing Finance" Reason Foundation, 2011, http://reason.org/files/ten_arguments_against_government_guarantee_housing.pdf)//NM
The aim of any government guarantee, whether implicit or explicit, is to encourage
AND
. In these ways government guarantees are inherently destabilizing for the housing market.
Another housing market crash exacerbates every single problem the affirmative talks about-~--it disproportionately hurts the poor, which has to come first in your decision
Sufi 16 — professor of finance at the University of Chicago Booth School of Business and co-author of “House of Debt.”
(Amir Sufi, "Why the Housing Bubble Tanked the Economy And the Tech Bubble Didn’t," FiveThirtyEight, 3-15-2016, https://fivethirtyeight.com/features/why-the-housing-bubble-tanked-the-economy-and-the-tech-bubble-didnt/)//NM
In 2000, the dot-com bubble burst, destroying $6.2
AND
beginning to understand that wealth inequality is crucial for understanding the broader economy.
My argument is historically true, and not just in the United States either-~--Ireland guaranteed a right to housing and it caused the first recession they’ve experienced in decades
O’Sullivan 8 — Trinity College Dublin, Republic of Ireland
(Eoin O’Sullivan, “Sustainable Solutions to Homelessness: The Irish Case”, European Journal of Homelessness, 2008, http://www.feantsaresearch.org/IMG/pdf/feantsa_ejh_v2_12-2008.pdf)//NM
In the last year, some difficulties have emerged in relation to the funding of
AND
revenues and homeless service providers will not be immune to these new realities.