- Economists are analyzing President Trump’s proposal related to 401(k) plans and housing, uncovering deeper issues in the housing supply chain.
- The real crisis is highlighted by California’s significant shortage of one million homes, which is contributing to skyrocketing housing prices.
- Experts identify strict zoning laws and environmental reviews as key factors driving up housing prices in California to more than twice the national median.
- The stringent regulatory environment in California is seen as a significant barrier to increasing the housing supply to meet demand.
- Addressing these regulatory challenges is critical for alleviating the housing shortage and controlling escalating housing costs in California.
- The analysis suggests that without reform in these areas, the housing crisis will likely continue, affecting affordability and economic stability.
Source: https://www.foxnews.com/politics/trumps-401k-housing-pitch-collapses-reality-check-economists-say-supply-real-crisis)
