Government Intervention Makes Houses More Expensive

“Escalating prices that have made houses unaffordable for many people in Washington are mostly the result of homeowners using political and regulatory means to block construction of new housing, economic studies show. . . . Economists increasingly are concluding that the shortage of affordable housing in Washington and other major U.S. cities on the East and West coasts is a result more of man-made restrictions on development than high construction costs or other market forces.” (Washington Times, Monday)

We won’t say we told you so, but we did.

FEE Timely Classic
“Property and Liberty” by James Bovard