David Edward Garber (@DaveGarber1975)

This Foundation for Economic Education episode features how housing is becoming increasingly unaffordable to Americans, as US housing prices are now quintuple the average US income, which is a new high---and how this unaffordability crisis results primarily from cost-increasing regulations that include zoning rules, minimum lot sizes, height limits, mandatory parking requirements, urban growth boundaries, historic-preservation rules, design mandates, impact fees, and permitting reviews---and how neither public subsidies (which raise prices further) nor rent controls (which create scarce slums) are valid solutions. (I would add the Fed's monetary inflation that raises product prices faster than salaries/wages, which has accelerated in recent years.) Let's please free markets to thrive! https://www.youtube.com/watch?v=i7u8Ly0S1Lc #Economics #FreeMarkets #SupplyAndDemand #Regulations #AffordabilityCrisis #HousingCrisis #AffordableHousing #HousingSubsidies #RentControls #Deregulation