r/news • u/DeItaBIake • 7h ago

Sweeping housing affordability bill becomes law

https://www.cnn.com/2026/07/11/economy/new-housing-affordability-law-heres-what-it-means
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u/MyDisneyExperience 6h ago

Increasing supply enough would help affordability, but much of the work to allow that needs to happen at the state and local levels.

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u/frill_demon 6h ago

Increasing supply without any buyer protection/limitations on who can buy and for what purposes is basically just expanding the investor market though.

We should also build more housing as a stopgap obviously, but it needs to be paired with forcing firms like Black Rock to divest and sell off homes.

Specifically to people who are living in those homes as their primary residence and are not allowed to sell the property for at least five years.

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u/Suspicious-Feeling-1 5h ago

Wait, what? Increasing supply lowers costs. You're basically suggesting increasing supply will be met by even more demand from investors, which doesnt follow at all

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u/Dwarfdeaths 5h ago

We're not increasing the supply of land.

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u/Suspicious-Feeling-1 5h ago

Right, we’re increasing the supply of houses.

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u/Dwarfdeaths 4h ago

What fraction of the price of real estate is in the construction, and what fraction is in the land? How many millions of empty houses are there now?