Vol. 40, No. 18
09/30/2024
A Graphic Look at Housing Deregulation
Build, Baby, Build: The Science and Ethics of Housing Regulation, by Bryan Caplan and Ady Branzei, Washington, D.C.: Cato Institute, 2024, 260 pages, paperback. ...
It is obvious that there are serious housing problems in the United States.How to deal with unaffordable home prices and helping the millions battling to pay escalating rents has split the nation.
Enter a professor of economics at George Mason University. His policies for housing deregulation, he avers, should please both left-wingers and right-wingers: the former by enriching the poor, promoting equality, raising economic mobility, and cleaning the environment; and the latter by freeing businesses from absurd regulations, promoting economic growth, raising fertility, and cutting crime. Libertarians, as you might imagine in a Cato book, are not forgotten.
While the headlines of our current financial pages warn that, for example, “Home-Buying Market Is Toughest Since the ’80s,” we are presented here with a way that could cut housing prices by 50 percent.
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