The article discusses a surprising trend in the housing market where home prices are skyrocketing in traditionally affordable Sun Belt cities, contrasting with the rising costs in progressive coastal cities. Despite expectations that these more affordable areas would remain accessible, the surge indicates a broader housing affordability crisis. It questions existing narratives around regulations and NIMBYism, suggesting that all regions face similar pressures and challenges. The experts’ assumption that less restrictive states would offer refuge from rising costs is being challenged as prices rise, threatening the American dream of homeownership.
"The housing crisis has thus become synonymous with feckless blue-state governance. So how can prices now be rising so fast in red and purple states known for their loose regulations?"
"Perhaps regulations and NIMBYism were never really the problem, and the current push to reform zoning laws and building codes is misguided."
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