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They pretty clearly create upward pressure on home prices. That's a policy failure. Policies to encourage construction directly would work better to increase h
by maxerickson 4y ago
They pretty clearly create upward pressure on home prices. That's a policy failure.
Policies to encourage construction directly would work better to increase home ownership than subsidizing mortgages.
- chii 4y agounder neoliberal economic theory, the high prices of homes would encourage building more of it. Unfortunately, the existing home owners, directly or indirectly, would lobby local gov't/councils to stop new builds. Current zoning laws also don't help.