At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.
Honesty is saying that home prices have to fall. But this is progress.
The Generation Squeeze folks have recommendations.
I think that’s where the courage part comes in. They’ve been pretty good about beating the drum for climate change, which alienates some voters/donors, but they’ve only really talked about housing supply, which is a great way to keep the base happy.