In urban areas, I think it is hard to claim that the high rents have little to do with zoning.
I don't think the problem is low interest writ large, but specifically attempts to prop up the homeownership market with debt.
There's a reason that post-2008 private lenders have basically backed out of the mortgage market and let Fannie Mae & Mac hold the bag, even in the context of so much more money chasing yields.
I don't think the problem is low interest writ large, but specifically attempts to prop up the homeownership market with debt.
There's a reason that post-2008 private lenders have basically backed out of the mortgage market and let Fannie Mae & Mac hold the bag, even in the context of so much more money chasing yields.