Vice President Kamala Harris stated, "Here's the thing: we know that we have a shortage of homes and housing. And the cost of housing is too expensive for far too many people." This highlights the widespread concern regarding housing affordability in the United States amidst rising prices.
The article argues that the U.S. is not facing a true housing crisis or shortage, suggesting instead that local officials should ease zoning restrictions and regulations to improve housing accessibility.
The series points out that while many Americans have suffered economically, with falling real wages and persistent elevated prices, it does not endorse demand-side policies that exacerbate housing price pressures.
Federal proposals to address the housing market often overlook the fundamental economic realities that continue to challenge many potential homeowners, questioning their effectiveness at lowering costs in the current environment.
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