The Cost of Good Intentions
Interesting:
Just some food for thought on a Friday afternoon.
Backed by studies showing that middle-class Seattle residents can no longer afford the city’s middle-class homes, consensus is growing that prices are too darned high. But why are they so high?
An intriguing new analysis by a University of Washington economics professor argues that home prices have, perhaps inadvertently, been driven up $200,000 by good intentions.
Just some food for thought on a Friday afternoon.
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