Mulvaney: More government intervention won’t ‘fix’ housing prices ...Middle East

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Mulvaney: More government intervention won’t ‘fix’ housing prices
As is so often the case, Washington is good at identifying problems, and really lousy at fixing them. Today’s example: the affordability of housing.  In 1980, the average price of a home in this country was just over $76,000. That was just over three times the average household income, which was around $21,000 at the time. Today, that ratio is nearly seven-to-one. The average home price is almost $500,000, whereas average income is around $74,500. That’s a big reason why in 1980, the typical first-time home buyer was around 30 years old; today he or she is almost 45. The inability of younger people to own their own homes has dramatic cultural, societal and public policy implic

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