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Texas Looks to the Free Market to Tackle Housing Costs

 Texas Looks to the Free Market to Tackle Housing Costs

Texas legislators have introduced a bucket of bills to help the housing crisis there, all of which rely on free market principles to bring down prices. HB 3921/SB 1787 would allow—but not mandate—development on smaller lots, thus increasing supply in hot neighborhoods. A similar reform was enacted about 25 years ago and instead of leading to affordable yet undesirable homes, it only precipitated a roughly 1/10 decrease in house size and shrunk the yards, which aren’t as important to buyers. Another law lets people build accessory dwelling units by right, and yet another law limits the time for plan reviews. These types of reforms, which are happening nationwide, are helping to remove burdens that stymie housing for working families.

Source: https://www.forbes.com/sites/jaredmeyer/2023/04/23/texas-looks-to-the-free-market-to-tackle-housing-costs/?sh=4abad7a026e9

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