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New recording fee for affordable housing?

EconoMeter panel looks at proposal in Sacramento

Roger Showley, U-T SAN DIEGO

Friday, March 6, 2015

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Kelly Cunningham, National University System
Answer: NO

Government subsidized housing programs fail because they are flawed at the core. Imposing fees and taxes to subsidize housing for the poor — whether in the form of public housing or housing vouchers — is not just unnecessary but counterproductive. Derailing what the private market can do on its own, more significantly it profoundly hinders efforts of working families striving to advance their lot in life. Housing subsidies simply drive up prices in the presence of inelastic supply. If we truly care about the poor and needy, simply deregulate the housing market and allow a proliferation of affordable housing to be built.