Alexis wants to buy a home. Is Gov going to help? You couldn’t stop him if you tried.
New to the series? You might want to check out our pilot episode here.Housing prices vs rents: Building the next bubble
How is government affecting housing prices? Well, it’s:
The government wants to help people buy homes. It also wants house prices to go up since many people consider their home an investment. These obviously aren’t complementary goals. Government has tried to square that circle by making it easier for people to get housing loans — even if they can’t really afford them. This led to the bursting of the housing bubble in 2007 — which took down much of the economy with it. Now policies are back to making housing prices go up, but maybe you can find some good deals if you wait for the next economic collapse.
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