Rent Increases Are Driving Inflation— and Pessimism About Economy Under Biden – truthout
“If a low-income family’s choice is between an apartment they can’t afford alongside their budget for groceries, or having no apartment at all, then what choice do they really have? White said this is a crucial question for policy makers.”
Rising home prices create an enormous burden. So why aren’t we building more houses? – USA Today
“Investment firms have owned many multifamily buildings for decades. They now are buying a significant number of houses because they expect a continued shortage to boost those properties’ values. Economists argue about inflation and minimum wage laws, but they overwhelmingly agree we have a housing shortage. ‘Place the Blame Where It Belongs,’ declared a recent Urban Institute report on the shortage. Economists are still figuring out how to measure it, but various estimates place the national shortage of homes in a broad range, from 4 million to 20 million.”
Joe Biden is once again taking a ‘wrecking ball’ to America’s housing market – NY Post
“Subsidized mortgages helped send home prices skyrocketing in recent years, along with the Federal Reserve artificially suppressing interest rates. Since Biden took office, the average monthly mortgage payment for new home has almost doubled, reaching $3,322 per month.”
Major settlement could end 6% real estate commissions and reduce San Diego prices – SD Union-Tribune
Antitrust action as well?
One way to help American homebuyers? Do what the Dutch do. – msn