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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (32909)6/8/2005 4:41:42 PM
From: TradeliteRead Replies (1) of 306849
 
Also, Elroy, get out your history books and you'll see that in the 1940s, when housing was scarce and money was short, some incentive had to be given for builders to even build houses. They hadn't been building them because no one could afford them, so the government created FHA and VA loans to get the ball rolling.

We have much that same problem in my part of the country today--lack of affordable housing and continued efforts to solve the problem by "encouraging" (ahem, that's a mild word) builders to supply some every now and then by granting them permits for higher-priced home communities only if they set aside some units for the lower rungs of the homebuying market.

The free market does not always provide what's needed.
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