At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.
Honesty is saying that home prices have to fall. But this is progress.
The Generation Squeeze folks have recommendations.
Considering his biggest donors are all speculative investors in the housing market, it is actually pretty unwise, politically, to admit that he wants to slow their profiteering.
I hate that our government is so inherently corrupt like this.
I think that’s where the courage part comes in. They’ve been pretty good about beating the drum for climate change, which alienates some voters/donors, but they’ve only really talked about housing supply, which is a great way to keep the base happy.