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🗽   Kamala Harris's Economic Ignorance and the Housing Affordability Crisis

Politics

The Misdiagnosed Cause of Unaffordable Home Prices In her recent interview with Bret Baier on Fox News, Democratic presidential candidate Kamala Harris said that she would solve the housing affordability crisis by lowering home prices, which she proposes to do by increasing the supply of houses. That alone reveals her economic ignorance. The reason housing costs are so high is not a lack of supply. There are plenty of houses. They are just unaffordable. In fact, there is a housing surplus remaining from the building boom that occurred during the housing bubble that burst in 2007, which precipitated the 2008 … → The post

Lew Rockwell     Oct 21, 2024