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"ordinary people simply do not believe that adding more housing to the regional stock would reduce housing prices. Across three original surveys of urban and su
by lanfeust6 1y ago
"ordinary people simply do not believe that adding more housing to the regional stock would reduce housing prices. Across three original surveys of urban and suburban residents, only a minority of respondents say that a large, positive, regional housing supply shock would reduce prices or rents. These beliefs are weakly held and unstable (suggesting people have given the issue little thought), but respondents do have stable views about who is to blame for high housing prices: developers and landlords. Large, bipartisan supermajorities support price controls, demand subsidies, and restrictions on putative bad actors, policies which they believe would be more effective than supply liberalization for widespread affordability. " -- https://www.aeaweb.org/articles?id=10.1257/jep.20241428 https://www.aeaweb.org/articles?id=10.1257/jep.20241428
Not that I expect you to care about evidence.