Less regulation, not more, will lower housing prices
Partly because of the mass deportation of, and self-deportation by, illegal immigrants, rents are falling in most markets across the country. This is a good thing, but most people don’t dream of renting; they dream of owning a home. It has never been more difficult for young people to buy their first home and get on the ladder. The House recently passed legislation that helps address this problem, but the Senate version of the bill, released last week, adds just as much red tape to the housing market as it takes away, potentially making the problem worse.
