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Home prices have been going crazy! While there are several reasons to this, the main driving force is the one reason that rarely seems to be talked about. Let's talk some real estate and economics so that you are able to have a rational discussion with someone who may not have a full understanding of the issue. This problem also illustrates the perfect example of how "good government intentions" can create unintended consequences that then, by necessity, spin out of control. Let's get to it!
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Home prices have been going crazy! While there are several reasons to this, the main driving force is the one reason that rarely seems to be talked about. Let's talk some real estate and economics so that you are able to have a rational discussion with someone who may not have a full understanding of the issue. This problem also illustrates the perfect example of how "good government intentions" can create unintended consequences that then, by necessity, spin out of control. Let's get to it!