The American Housing Crisis: A Theft, Not a Shortage

Blair Fix

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: If mainstream economics teaches us one lesson, it’s that when something becomes unaffordable, it’s because of a shortage. And that brings me to the US housing crisis. In America, housing is getting less affordable. So there must be a short supply, right? Not necessarily. You see, shortage is not the only route to unaffordability. There’s also … theft. Here’s how it works.

Keywords: crisis; distribution; housing; affordability; price; United States (search for similar items in EconPapers)
JEL-codes: D3 O15 P1 R (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-pke
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