Oh, That Will Fix it
What to Know: Writing in the New York Times, Lizabeth Cohen says only the federal government can fix the affordable housing crisis in our nation’s cities.
“In recent months America’s affordable housing crisis, a long-simmering issue for people of low and moderate incomes, has burst onto the front page,” she writes. “Rents are rising much faster than income, while the median home price in some 200 cities is $1 million. After a decade of decline, the number of homeless Americans is ticking back up. The private market is clearly failing. Although many city and state governments are motivated to take action, they have limited tools at their disposal, and few of them equal to the task. The Department of Housing and Urban Development, at least under its current leadership, is hardly stepping up.”
The TPPF Take: No, the federal government can’t solve the housing affordability crisis.
“High housing prices have their roots in big government,” said TPPF’s James Quintero. “For many, the dream of homeownership has drifted out of reach thanks to soaring taxes, excessive regulations, and restrictive land-use policies. If Americans are ever to solve the affordability crises raging throughout the nation, then we must get government off our backs and out of the way.”