Combine insane land use restrictions (zoning), influx of millions of immigrants from south of the border, a booming tech industry and super low interest rates from The Federal Reserve and we have “Perfektenschlag” for US affordable housing policy: the perfectly UNAFFORDABLE HOUSING MARKET (aka, coastal California).
The post Perfektenschlag! U.S. Starter Homes Are Scarcer, Pricier, Smaller and More Run-Down (Perfect Storm For Affordable Housing) was originally published at The Wall Street Examiner. Follow the money!