White House Promise to Lower Housing Costs Will End in Disaster
By Casey Serin
The Democrats claim that if Joe Biden were reelected, he would lower housing costs. However, there is no way for the government to reduce housing costs other than by getting out of the private housing market.
Most tools available to politicians for lowering housing costs involve a forced transfer of wealth from taxpayers to tax consumers.
These tools violate private property rights and exacerbate the problem by causing shortages or driving prices up.
The one policy that could effectively reduce housing prices—getting the government out of the housing market—would never be proposed by a Democrat administration.
Cutting regulation and taxes could reduce new house prices by approximately 23.8%.
