Delvo
Дэлво Δε&#
The rise in housing prices, which took a break for the last couple of years (without really reversing), has resumed course, giving us an all-time high of both prices and interest rates at the same time.
Biden doesn't appear to have a plan to deal with it, but I don't know of any other politician who ever really has either. The nature of the problem doesn't easily lend itself to a Federal solution. The problem is a shortage of the supply of places to put people. Construction companies would be happy to build more, including of the kinds that could contain the most people the most efficiently, but construction projects need to be approved by the city/county governments, and current residents keep showing up at the meetings to get those governments to block any such construction plans. And it would be hard for the Federal government to make city & county governments quit responding to those concerns. Part of that is also related to locked-in zoning restrictions which need to change, but it would also be hard for the Federal government to make city & county governments reboot their zoning.
Or we could look at the demand side of that coin, where the problem is that the population keeps growing. But, with our internal reproduction rate as low as it is, the population growth is driven by immigration, and the left won't touch that on (foolish, naïve) ideological grounds, and the right doesn't ever touch it when they get a chance either, maybe because they prefer to keep it around to dangle in front of voters indefinitely.
But it is a thing that keeps making life harder & harder in this country year after year, so it would be good for somebody in Federal government to start acknowledging its existence and talking about ideas for what to do about it (like Federal funding incentives for cities/counties that adopt better design/planning practices). Whoever did so would improve his/her re-election odds substantially, even if the first attempts at doing something about it don't end up working.
Biden doesn't appear to have a plan to deal with it, but I don't know of any other politician who ever really has either. The nature of the problem doesn't easily lend itself to a Federal solution. The problem is a shortage of the supply of places to put people. Construction companies would be happy to build more, including of the kinds that could contain the most people the most efficiently, but construction projects need to be approved by the city/county governments, and current residents keep showing up at the meetings to get those governments to block any such construction plans. And it would be hard for the Federal government to make city & county governments quit responding to those concerns. Part of that is also related to locked-in zoning restrictions which need to change, but it would also be hard for the Federal government to make city & county governments reboot their zoning.
Or we could look at the demand side of that coin, where the problem is that the population keeps growing. But, with our internal reproduction rate as low as it is, the population growth is driven by immigration, and the left won't touch that on (foolish, naïve) ideological grounds, and the right doesn't ever touch it when they get a chance either, maybe because they prefer to keep it around to dangle in front of voters indefinitely.
But it is a thing that keeps making life harder & harder in this country year after year, so it would be good for somebody in Federal government to start acknowledging its existence and talking about ideas for what to do about it (like Federal funding incentives for cities/counties that adopt better design/planning practices). Whoever did so would improve his/her re-election odds substantially, even if the first attempts at doing something about it don't end up working.
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