GOP Candidates Ignore Housing Question in Debate - Barrons.com
While the above is interesting, it does skirt two rather salient points:
1) If incomes are down 10% since 2000, then what would happen to actual income-adjusted housing prices and housing standards?
One can't but guess people need to buy cheaper, smaller houses and it's likely the prices of housing have yet to come down some (let alone that incomes aren't rising, jobs aren't being created, etc.).
2) There are a plethora of things that could be done on a regulatory, tax, etc. policy front that don't cost anything except cherished values of government control. (I'd take this to include the drug laws but Sarbanes Oxley and ObamaCare would be a start.)
This isn't being done. So, let housing slide down the list and focus on the easy stuff first.
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