Housing policy virtually a no-show at both parties’ conventions

Source: Kenneth R. Harney - The Washington Post

Call it the political elephant in the room: 1.2 million families across the country are at some stage of foreclosure, 3.8 million homeowners have been foreclosed upon since September 2008, 11.4 million are underwater on their mortgages and $6.5 trillion in home equity has been lost by owners since 2005. Moreover, home building and sales are intimately linked with job creation. Yet the subject of housing policy was virtually a no-show at the Democratic and Republican conventions and in the party platforms.

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