Many on the left (and even some on the right) have been complaining about the cost of housing.
Six years ago, I began warning people when our supposed small government oriented Republican governor Ron DeSantis issued an executive order prohibiting evictions, and continued that order several times through October of that year, effectively depriving property owners of their property without compensation. It wasn’t just Florida, many states did the same, some of them for up to two years. This resulted in huge losses to many landlords.
On top of that, landlords were told they couldn’t perform credit checks because racism. This also put upward pressure on rent prices.
Landlords have to be compensated for the increased risk of their investments. That’s how investing works- the higher the risk, the more the investment must yield or else no one will want to make the investment.
Then the Biden administration imported millions of illegal immigrants that increased housing demand. Even more pressure on housing prices.
Inflation isn’t the only thing that affects prices. Stop voting for retarded socialist policies.
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