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Meet the Latest Housing-Crisis Scapegoat

“Investors” are often blamed for skyrocketing housing prices, but the real culprit, according to this author’s research, is—say it altogether now—lack of supply. And why is this? Because of a “complex web of rules and regulations that prevent developers—profit and nonprofit alike—from building enough housing to meet demand.” The writer urges elected officials to remove barriers to development, including bans on duplexes, triplexes and multifamily dwellings. Targeting property owners instead of enacting smarter planning policy does nothing to help prospective renters or homebuyers.

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