This is the problem. Homes shouldn't be an investment. It should be a depreciating asset like cars at worst and a human right at best. Especially in a country as large as the US with so much resources, we shouldn't have turned homes into an investmens. Productive assets like companies should be investments.
But at this point, we are trapped. The largest retirement asset for most people are their homes. It's political suicide to do anything that would hurt the valuations of homes. If you are an older individual with your home making up a bulk of your retirement nest egg, you aren't going to vote for policies that make homes more affordable. And older folks vote more often and in larger numbers than younger voters.
But at this point, we are trapped. The largest retirement asset for most people are their homes. It's political suicide to do anything that would hurt the valuations of homes. If you are an older individual with your home making up a bulk of your retirement nest egg, you aren't going to vote for policies that make homes more affordable. And older folks vote more often and in larger numbers than younger voters.