It All Began When the Government Tried to Make Housing More Affordablemises.org/mises-wire/it-all-began-when-government-tried-make-housing-more-affordable
377 sats \ 3 comments \ @Undisciplined 1 Jul econ
By Christopher E. Baecker
The current explosion in rental and home prices is the direct result of government intervention aimed at making it easier to buy a house. Mises wrote that government intervention into the market tends to make things worse. He was right.
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42 sats \ 0 replies \ @SimpleStacker 1 Jul
I've started to tell people in my life, "Stop thinking about price and start thinking about quantity."
Because whenever we talk about affordability it's always about price. So the smooth-brain solution is obviously to subsidize, or control the price somehow, right?
Obviously anyone who's taken Econ 101 knows the problem with that, but most adults haven't taken Econ 101, or they've forgotten. But when you remind them that quantity is what matters, everything starts falling into place.
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21 sats \ 0 replies \ @DEADBEEF 1 Jul
Ah government, the cause of and “solution” to so many problems.
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0 sats \ 0 replies \ @16d86e9daa 1 Jul
truth be said, government intervention can have short-term benefits by making it easier for some individuals to buy homes, it also carries risks and potential unintended consequences. Effective housing policy
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