Massachusetts Sen. Elizabeth Warren, who still has a chance to be the Democrats' nominee, said a few weeks back that because scientists are scaring her about the climate, "By 2028, no new buildings, no new houses" would be built "Without a zero-carbon footprint," if she had her way.
According to Housing Wire, "Median home prices in the fourth quarter of 2019 were classified as unaffordable for the average wage earner in 71% of the U.S. counties analyzed." From the fourth quarter of 2018 to the fourth quarter of 2019, home prices rose 9%, says ATTOM Data Solutions, a property data aggregator.
Housing in California, Hawaii, and several large metro areas under Democratic Party control is so unaffordable to so many that those places are in crisis.
Economic literature is filled with research that confirms what our common sense tells us: Government limits on rental rates kills the incentive to build more housing.
Warren's diktat for new homes and buildings would also suppress homebuilding.
"We estimate," says a team of Freddie Mac economists and analysts, "That the current rate of demand is approximately 1.62 million housing units per year - 370,000 units more per year than the current rate of supply."
https://issuesinsights.com/2020/01/31/americas-next-housing-shortage-brought-to-you-by-the-democrats/
According to Housing Wire, "Median home prices in the fourth quarter of 2019 were classified as unaffordable for the average wage earner in 71% of the U.S. counties analyzed." From the fourth quarter of 2018 to the fourth quarter of 2019, home prices rose 9%, says ATTOM Data Solutions, a property data aggregator.
Housing in California, Hawaii, and several large metro areas under Democratic Party control is so unaffordable to so many that those places are in crisis.
Economic literature is filled with research that confirms what our common sense tells us: Government limits on rental rates kills the incentive to build more housing.
Warren's diktat for new homes and buildings would also suppress homebuilding.
"We estimate," says a team of Freddie Mac economists and analysts, "That the current rate of demand is approximately 1.62 million housing units per year - 370,000 units more per year than the current rate of supply."
https://issuesinsights.com/2020/01/31/americas-next-housing-shortage-brought-to-you-by-the-democrats/
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