Tuesday, June 1, 2021

America's Housing Future Is Not Set In Stone (Part-2)

Government Mucks Up The Market When it comes to housing for the poor government again mucks up things.

Considering the way our government meddles in housing it is little wonder that roughly 80% of new apartment construction is for the high-end market.

The government holds huge responsibility for a rising share of our housing problems in low-income situations because its policies avoid dealing with the growing number of people that are irresponsible or creating the type of housing that is suitable for them.

Giving simple "Housing vouchers" to those unable to pay their rent would also move some of these people back to the private sector.

Adding to the confusion, 2.1 million mortgages are still in forbearance programs, investors have flooded the housing market, including individual buyers grabbing a second home in crazy bidding wars.

A large part of the problems we face in housing is that it is complicated by government policies, meddling, and intervention.

Part of the solution to providing good housing at affordable prices is using the housing that has been built efficiently and building units that meet our future needs.

https://brucewilds.blogspot.com/2021/05/americas-housing-future-is-not-set-in.html 

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