Economist Lee Ohanian breaks down Kamala Harris’s proposed #housingplan, revealing why it could cost over $500 billion and drive up #housing costs instead of solving the real problem. Despite nearly 100 new housing laws in #California, #construction has slowed under Governor #GavinNewsom. Ohanian argues that the plan could drive up housing costs and add to the #deficit without truly helping #renters.
In the latest episode of Matters of Policy & Politics, find out why #subsidizing #demand won’t fix the root issue — high construction costs.
#KamalaHarris #HousingCrisis #Economics #CaliforniaHousing #housingmarket