Lawmakers, experts squabble over what’s driving up US housing costs ...Middle East

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Lawmakers, experts squabble over what’s driving up US housing costs
Members of the House Ways and Means Committee on Wednesday agreed that America is facing a housing crisis, but found little consensus on why, or what to do about it.  Republicans blamed inflation, which they say has been fueled by pandemic government spending, while Democrats put the onus on corporate landlords and experts at the hearing highlighted the severe lack of supply.  Housing prices for Americans have shot up 5.6 percent over last year, the largest percent increase since 1991, according to government data. The average price for an urban shelter as of June was above $350,000, up from about $318,000 in June 2019, before the pandemic began.  Republicans repeatedly pounced o

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