{"id":6636,"date":"2021-11-21T21:45:48","date_gmt":"2021-11-21T21:45:48","guid":{"rendered":"http:\/\/lonecandle.com\/?p=6636"},"modified":"2021-11-21T21:45:48","modified_gmt":"2021-11-21T21:45:48","slug":"congress-isnt-going-to-save-the-housing-market","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=6636","title":{"rendered":"Congress isn\u2019t going to save the housing market"},"content":{"rendered":"\n

\n\n“More than 580,000 Americans are homeless. The median sale price for a home has just surpassed $400,000<\/a>. Homeownership is on the decline<\/a>.<\/p>\n\n\n\n

This, by all accounts, is a national emergency \u2014 and one House Democrats had proposed $330 billion to tackle as part of their Build Back Better plan. This package was both a once-in-a-generation investment and also barely enough to scratch the surface. Now, even those proposed investments are being cut down as part of negotiations over the final package<\/a>.”<\/p>\n\n\n\n

…<\/p>\n\n\n\n

“some in Congress were willing to make substantial investments, very few were willing to tackle the fundamental problem that was making homes so expensive in the first place: lack of supply.<\/p>\n\n\n\n

Yes, it\u2019s easier to try to help people afford something expensive than to try and make it less expensive to begin with. But many of the policies that try to subsidize housing can actually make it more expensive. \u201cWhat you really need if you want to lower those new home prices, is you need to build more homes \u2014 and there\u2019s not that much of that in this bill,\u201d says Paul Williams, a fellow at the Jain Family Institute.” <\/p>\n\n\n\n

https:\/\/www.vox.com\/2021\/10\/27\/22747115\/build-back-better-housing-infrastructure-plan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“More than 580,000 Americans are homeless. The median sale price for a home has just surpassed $400,000. Homeownership is on the decline.<\/p>\n

This, by all accounts, is a national emergency \u2014 and one House Democrats had proposed $330 billion to tackle as part of their Build Back Better plan. This package was both a once-in-a-generation investment and also barely enough to scratch the surface. Now, even those proposed investments are being cut down as part of negotiations over the final package.”<\/p>\n

…<\/p>\n

“some in Congress were willing to make substantial investments, very few were willing to tackle the fundamental problem that was making homes so expensive in the first place: lack of supply.<\/p>\n

Yes, it\u2019s easier to try to help people afford something expensive than to try and make it less expensive to begin with. But many of the policies that try to subsidize housing can actually make it more expensive. \u201cWhat you really need if you want to lower those new home prices, is you need to build more homes \u2014 and there\u2019s not that much of that in this bill,\u201d says Paul Williams, a fellow at the Jain Family Institute.”<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[542,558,557,270,411,384,1407],"class_list":["post-6636","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-congress","tag-homeless","tag-homelessness","tag-housing","tag-policy","tag-price","tag-prices"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6636"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6636\/revisions"}],"predecessor-version":[{"id":6637,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6636\/revisions\/6637"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}