The Market Alone Can’t Fix the U.S. Housing Crisis

But what will it take to fix this problem? Will market-based solutions suffice? If not, what kinds of interventions are necessary? Recent research shows that the market itself needs to be fixed. Any plan to overhaul the housing market needs to, first, confront the power of landlords to raise rents. Second, it requires rethinking public governance of housing markets behind simplistic prescriptions to just free the housing market from government regulation, assuming lower rents will follow.

is the Open Markets Institute’s Chief Economist, researching the affect of corporate power on workers, small businesses, and other groups. He received his PhD in economics from the University of Massachusetts Amherst in 2019. Prior to coming to Open Markets he worked at Workers United, SEIU, the Strategic Organizing Center and the Data & Society Research Institute.is legal director at the Open Markets Institute.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Market Alone Can’t Fix the U.S. Housing CrisisUnaffordable housing is a drag on regional and national economies. In areas where housing costs are high, employers end up effectively transferring significant sums to landlords as the cost of attracting talent.
Source: HarvardBiz - 🏆 310. / 63 Read more »

South Korea market watchdog highlights pension fund's role in market reformsSouth Korea market watchdog highlights pension fund's role in market reforms
Source: Investingcom - 🏆 450. / 53 Read more »

Jim Cramer cuts through the market's ‘doom and gloom' as the market waversCNBC’s Jim Cramer on Wednesday tried to quell investors’ fears of a recession.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

China regulates bond market based on market principles, state media saysChina regulates bond market based on market principles, state media says
Source: Investingcom - 🏆 450. / 53 Read more »

China's PDD suffers $40 billion market cap wipeout after flagging an uncertain marketChina's PDD suffers $40 billion market cap wipeout after flagging an uncertain market
Source: Investingcom - 🏆 450. / 53 Read more »