Propping up home prices causes a lot of harm though. If we think of housing as a consumer good, then it’s obviously better if it’s cheap, same as any other good. And if we say housing is an investment, then it’s better if investment money flows to its actual most productive use, not something that’s artificially propped up.
Propping up home prices causes a lot of harm though. If we think of housing as a consumer good, then it’s obviously better if it’s cheap, same as any other good. And if we say housing is an investment, then it’s better if investment money flows to its actual most productive use, not something that’s artificially propped up.