Acton Institute Powerblog

The Cost of Good Intentions

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Interesting:

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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Marc Vander Maas

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