Kamala Harris announced her proposed housing plan last week. The policy will be expensive – perhaps as much as $500 billion - and will do much less to facilitate home ownership than it could, because it does not address the most important reason why housing is expensive: high construction costs. Instead, the plan significantly subsidizes housing demand, which will put upward pressure on housing costs.
Kamala Harris announced her proposed housing plan last week. The policy will be expensive – perhaps as much as $500 billion - and will do much less to facilitate home ownership than it could, because it does not address the most important reason why housing is expensive: high construction costs. Instead, the plan significantly subsidizes housing demand, which will put upward pressure on housing costs.
https://www.hoover.org/research/unpleasant-arithmetic-kamala-harriss-housing-plan