Source: American City & County —
Triggered by the pandemic, housing prices in cities and counties across the United States have skyrocketed. Between the fourth quarters of 2021 and 2022, house prices rose 8.4 percent, according to data from the Federal Housing Finance Agency. The latest budget proposal from the White House seeks to curb those rising costs and provide low-income residents with a path to homeownership through a more than $175 billion investment.
“A lack of quality affordable housing hinders the job market and holds back economic growth by making it harder for workers to access good-paying jobs,” reads a brief from the White House explaining the proposed investment. “It drives up costs for families and inflationary pressures. It also increases commutes and inefficient energy consumption, which exacerbates climate change.”
To that end, the budget invests in preserving and building affordable houses, both for rent and ownership.
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How about you stop spending money you don’t have so we don’t have to pay for the interest and let us keep our own money.
“A lack of quality housing hinders the job market and holds back economic growth by making it harder for workers to access good paying jobs.” What does that even mean?
How can this happen?
“It (meaning a lack of quality affordable housing, I presume) drives up costs for families and inflationary pressures.” Another statement that is completely gobbledygook (language that is meaningless; nonsense).
………….which exacerbates climate change. Now I get it!!!