The economic law of supply and demand dictates that if the supply of goods or services outpaces demand, prices fall. Most politicians understand this and commonly invoke that law in response to public discontent about high consumer costs.
When it comes to housing, however, leading Democrats are offering lip service to supply, while simultaneously engaging in counterproductive schemes to deflect responsibility for rising costs.
Instead of addressing the true sources of inflation and economic instability, the administration’s go-to response is to take cheap shots at the private sector.
Addressing the national housing shortage will require an estimated 1.7 million new homes each year, on average, until 2030. As its response to this crisis, the Biden-Harris administration has chosen a desperate, partisan approach by scapegoating private-sector technology through litigation.
The Department of Justice is suing rental industry software company RealPage Inc., alleging it played a role in raising rents for apartments and multifamily dwellings. Blaming a single data analytics company for the nationwide housing shortage and inflationary pressures may seem bizarre — and it is. We need real solutions. […]
— Read More: www.theblaze.com
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