“We have a housing crisis in our country. We need millions of homes,” said Scott Turner, President Donald Trump’s pick to run Housing and Urban Development (HUD). With skyrocketing prices for both home sales and rentals, it’s hard to disagree. Indeed, during his committee hearing, both Democrats and Republicans agreed on one key thing: There are not enough houses. But the concordance goes only so far, and it seems that if today’s youth want their slice of the American Dream, it will take a lot more than a rapid expansion in building projects.
We joined Liberty Nation News’ Economics Editor, Andrew Moran, to figure out what it would take to end the burgeoning crisis.
American Dream Lost?
Mark Angelides: Andrew, what’s the current situation? As in, how many houses does the United States need, and what’s the trend in the rental…
