Sunday, February 10, 2019

(Un)Affordable Housing

Our house
It has a crowd
There's always something happening
And it's usually quite loud
--Madness

As Ryan McMaken and Tom Woods observe, the most straightforward way to make housing more affordable is to build more of it (ECON 101). Instead, policymakers want to subsidize housing.
Housing subsidies discourage supply and increase demand. Consequently, prices will ____. (Put on your ECON 101 hats)

No comments: