American Nightmare: How Government Undermines The Dream of Homeownership


Why did the American Dream turn into a nightmare when the housing bubble burst? Who should we blame: Greedy bankers? Corrupt politicians? Ignorant homeowners?

In his latest book, American Nightmare: How Government Undermines the Dream of Homeownership, Oregon native Randal O’Toole explores the forces at play in the housing market and shows how we can restore high rates of homeownership by eliminating federal, state, and local policies that distort the free market for housing.

O’Toole says that Metro, the Portland area’s regional government, is aiming to reduce single-family home ownership from 65 percent down to 41 percent; which is nothing short of a war on homeownership. 

O’Toole contends that we could boost home ownership rates to nearly 75 percent by eliminating land use-regulations and subsidies.  

You can meet this provocative author and hear him expound on his home ownership theories at next week’s Executive Club dinner; Wednesday, June 6 at the Portland Airport Shilo Inn.

Come for the $20 buffet dinner beginning at 6pm, or skip dinner and arrive by 6:45pm for the meeting. O’Toole, Senior Fellow at the Cato Institute, will have copies of his book for sale before and after his keynote address. There is no charge for this important event, unless you choose to buy dinner or a book. We hope to see you there. 

Steve Buckstein is founder and Senior Policy Analyst at Cascade Policy Institute, Oregon’s free market public policy research organization.


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Founded in 1994 by the late Pamela Hulse Andrews, Cascade Business News (CBN) became Central Oregon’s premier business publication. •

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