Vice President Kamala Harris's ambitious pledge to build 3 million housing units faces skepticism. Historical efforts, like California's, reveal a gap between promises and achievements.
Economists highlight that achieving Harris's goal would require massive subsidies and deregulation, complicated by local opposition and fiscal constraints, questioning the feasibility of such a plan.
Harris's proposals, while potentially stimulating housing construction, are criticized as redistributing wealth rather than addressing the root causes of the housing crisis.
Despite good intentions, some experts assert that without significant innovation in policies and community support, meeting housing supply goals remains a daunting challenge.
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