Ordinary people's views on housing are out of step with the economics literature. People do not believe that more housing supply would reduce housing prices. Instead they attribute high housing prices to putative bad actors (landlords, developers) and support price controls and demand subsidies. 🏠💰📉
Read Full Article
#HousingMarket #EconomicsLiterature #HousingSupply #PriceControls #PublicPerception
Read Full Article
#HousingMarket #EconomicsLiterature #HousingSupply #PriceControls #PublicPerception
www.aeaweb.org
The Folk Economics of Housing
(Summer 2025) - Why is housing supply so severely restricted in US cities and suburbs? Urban economists offer two primary hypotheses: homeowner self-interest and political fragmentation. Homeowners, who outnumber and have organizational advantages over renters…
😁1🤔1🤡1