What we see out there is an affordable housing crisis, particularly in the rental market in cities big and small, and we don't have the resources necessary to fill that gap.
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There are tremendous barriers to building housing. If we could break them down, the need for rent controls would go away.
What most Americans don't realize is a lot of the challenges we're struggling with today are the result of conscious housing policies.
So, we're saying, if we can give developers and builders incentives to cut down on the regulatory barriers that are faced in this country, then we might be able to address the needs of affordable housing.
A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.
When regulations on the housing industry are reasonable, the cost of housing goes down. Regulatory relief is needed to make housing more affordable to more Americans.
Communities need to feel that they can accommodate people. Rather than feeling that it's not possible to integrate and that the stress and strain on housing and public services is too great.
So much value has been lost in the housing market that people are now buying. If there's any activity in the housing market, it's because values have plummeted to such depths that the 47% can now afford to live in a government-purchased house, or something like that.
We believe that housing is a power platform to spark great opportunities in people's lives and help them achieve the American dream.
Why can't we, with a more intelligent policy, actually have houses that are affordable, built at higher densities than they are at the moment and built on brownfield sites.
If we allow more development, it will bring housing affordability.
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