The idea was proposed by two Democrats, so you know it has zero chance in this administration. We couldn’t even get our student loans forgiven.
The idea was proposed by two Democrats, so you know it has zero chance in this administration. We couldn’t even get our student loans forgiven.
I see you bringing this up multiple times here and it got me thinking. Is housing even elastic at all?
I mean the market may respond in an area if there is room, it is zoned correctly, and if it is profitable. But it is not like people are going to drive the price down anytime soon just through their preference.
I have seen some municipalities rezone areas to encourage companies to build apartments. Unless there is some nonprofit or government element they are not affordable though.
Yes. Very few goods are perfectly inelastic, like land. While there are multiple ways to increase the supply of housing, one simple answer is taller apartment buildings that would otherwise not be cost effective.