If You Think Housing's Expensive Now, Let Gov't Make It 'Cheap'

“Roaches check in, but they don’t check out.” That was the iconic line from the 1970s/80s Black Flag Roach Motel ads. At risk of wasting words, roaches would enter traps that they would never be able to exit…

The ad springs to mind as man bites dog, and Sen. Tim Scott (R-SC) teams up with Sen. Elizabeth Warren (D-MA) on the 21st Century ROAD to Housing Act. The bill aims to “modernize housing policy” and “boost supply” among other things. Which on its own is funny: while we have supercomputers of the iPhone and Android variety that sit in our pockets at prices that continue to drop, somehow housing requires “policy” meant to “boost supply.” For that alone, would-be homeowners should be skeptical.

 

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