Why Falling Home Prices Could Be a Good Thing

New York Times ^ | 10 February 2017 | Conor Dougherty

[roadcat]

How about we don't manipulate interest rates and subsidize the housing industry (among others) and let the free market determine home prices?

Here in the SF Bay Area, large tracts of land are being set aside as unbuildable - forever, by the liberal left greenies. At the same time, liberal leftist politicians are screaming for building more affordable housing, wasting taxpayer dollars on building a few units that won't satisfy a pent-up demand for thousands of needed units. The two leftist groups are at odds with each other.

If they would let the free market determine housing, there would be lots of land to build affordable housing for the masses. But no, they take build-able land and set it aside for marshes for birds, hillsides for butterflies and frogs, etc., and there is no land to build on. And they encourage people to come in where there is no housing to be had. It's all madness.