Housing policies can affect every aspect of a person's life including family formation, friends, travel, recreation and more. It’s a principle known as the housing theory of everything.
U.S. housing policies have made it more difficult to build new homes in certain areas due to overly restrictive zoning, and it takes more than just zoning changes to fix the market.
The real fundamental, long-run issue is that we've made it really hard to build new housing primarily through geographic restrictions, commonly known as zoning.
To address the housing crisis, we need to study housing from a new listings perspective instead of solely focusing on market prices.
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