Two nutty US professors call for socialist Big Government! They pretend and claim to bey "housing policy experts". Laughable!
What "housing crisis"? Pure propaganda and demagoguery!
If these two men were students of economics, they sure would receive a fail grade!
Why don't these two nutty professors not take a pay cut in support of needy tenants in their community instead of calling for socialist Big Government!
"Disclosure statement
Alex Schwartz has received funding from the Catherine and John D. MacArthur Foundation. Since 2019 he has served on New York City's Rent Guidelines Board. He has a relative who works for The Conversation.
Kirk McClure received funding from the U.S. Department of Housing and Urban Development and receives funding from the National Science Foundation."
The opening sentence is already pure demagoguery!
"If there’s one thing that U.S. politicians and activists from across the political spectrum can agree on, it’s that rents are far too high. ..."
More economic nonsense:
"... As experts on housing policy, we’re concerned about housing affordability. But our research shows little connection between a shortfall of housing and rental affordability problems. Even a massive infusion of new housing would not shrink housing costs enough to solve the crisis, as rents would likely remain out of reach for many households. ..."
"... However, there are already subsidies in place that ensure that some renters in the U.S. pay no more than 30% of their income on housing costs. The most effective [big government] solution, in our view, is to make these subsidies much more widely available. ..."
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