Local governments are the reason why housing is expensive. It is democracy at work; local politicians don’t want to relax zoning, because homeowners want higher home prices. They want equity and want to retire with an inflated asset. And HUD sets the standard for building codes across the market because a large portion of the market is government supported. You have a myopic dualism of good vs evil. American government is not your friend for affordable housing. Singaporean government is the friend of the people, US governments is not. You have a general bias toward government that is not realistic.
Pst - we already lost the cheap mortgages.
If you want to house everyone support government housing initiatives - the private housing market is dominated by corporate landlords and speculators.
Local governments are the reason why housing is expensive. It is democracy at work; local politicians don’t want to relax zoning, because homeowners want higher home prices. They want equity and want to retire with an inflated asset. And HUD sets the standard for building codes across the market because a large portion of the market is government supported. You have a myopic dualism of good vs evil. American government is not your friend for affordable housing. Singaporean government is the friend of the people, US governments is not. You have a general bias toward government that is not realistic.