Govts should lay off property markets: don
Much better for authorities to regulate banks instead of trying to control real estate prices
Singapore
IF he had his way, Joseph Gyourko would prefer to see governments regulating banks instead of directly intervening in real estate markets.
The real estate professor at The Wharton School of the University of Pennsylvania acknowledges that private real estate markets don't always work perfectly - but neither do government regulations. "They are not the answer, because they have limitations themselves," he says.
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