The ObamaCare of Housing
You know conservatism is lost in DC when your *Republican* majorities are following Chuck Schumer and Elizabeth Warren like puppies.
All of the consultants have told their politician clients that something called *affordability* really has the little folks back home upset. So how does the alleged conservative party respond? They march in lock-step with the radical left to pass *pro-affordability* legislation that will make ObamaCare and Dodd-Frank look like absolute patty-cake in comparison.
The *honorables* in DC are worried about the availability of affordable housing. Never mind that – um – *foolishness* about supply and demand. DC’s first reaction is to give the federal bureaucratic leviathan even more powers to make an even bigger mess than what we already have.
We’re talking about The 21st Century Road to Housing Act. It roared through the GOP-dominated House and Senate. In fact, there were only EIGHT GOP senators who voted against it. Of course, our two weaklings voted for it.
This is not about helping newlyweds Sam and Sally buy their first home. It’s not relying on Adam Smith’s “Invisible Hand.” It tweaks government to incentivize yet another *bubble*, spectacularly expands the reach of HUD, and establishes federal zoning standards that will be developers’s and Section 8 housing scammers’s wildest dreams come true.
We’ve heard this before. ObamaCare will make it easier and more affordable to get health insurance. Dodd-Frank will make it easier for more to get home loans. We’ve seen the disasters that emerged from both previous efforts to activate government to make more stuff “affordable.”
Gas, food, utilities, and housing cost more because of out-of-control government spending and aggressive expansion of the bureaucracy. Our *leaders* could pull government off our backs at least somewhat. Cut back regulations and fees. You know, a lot of that stuff DOGE recommended and the *honorables* ignored and dismissed.
Health care costs too much because of state-level disasters like Certificates of Need and the wild, out-of-control expansion of Medicaid.
Food costs more thanks to – among other things – higher costs for transporting it to market.
Housing costs more thanks to: transportation costs and the costs of acquiring and transporting the necessary raw materials.
Local governments contribute to the affordability crisis with their aggressive property revaluations. What was $250K three years ago may now be $450K. It’s a great way to chase away potential buyers. Though, it does save spend-aholic pols from having to raise the tax rate to feed their spending habits.
Good old capitalism -if allowed to work – handles the whole supply thing perfectly. If there are people out there seeking to buy something, someone will be out there trying to provide it for them. Prices will be whatever consumers are willing to pay. Prices go up when supply is bigger than demand, and vice-versa when the situation is reversed.
If only we could see more pulling-back out of Washington. You would think that a reasonable expectation with a GOP White House and Congress.
But, no. With this Elizabeth Warren-blessed *housing* bill, we’re going to see the same kind of godawful aftermath we’ve seen in the wake of ObamaCare and the 2008 mortgage crisis.
At some point, Charlie Brown stopped trying to kick the football Lucy was holding for him. When will we learn?
