Ep. 1334 The Government's War on Affordable Housing
The Tom Woods Show
Tom Woods
4.8 • 3.3K Ratings
🗓️ 4 February 2019
⏱️ 34 minutes
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Summary
We hear lots of calls for "affordable housing," and much less discussion about what might be making housing not so affordable. Ryan McMaken of the Mises Institute shows that -- surprise -- the government's fingerprints are all over this problem.
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Show notes for Ep. 1334
Transcript
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| 0:00.0 | The Tom Woods Show, episode 1334. |
| 0:03.3 | Prepare to set fire to the index card of allowable opinion. |
| 0:07.9 | Your daily dose of liberty education starts here, the Tom Woods Show. |
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| 0:34.0 | Hi, everybody. Tom Woods here. We're talking about affordable housing today. A lot of times government talks about affordable things, and what happens is it makes things unnecessarily and artificially expensive, but then it arranges for you to get relatively low-interest loans to buy those things. So it will put you in this debt spiral forever, and that's what they call affordable. |
| 0:58.2 | So instead of getting out of the way to make the thing less expensive in the first place, |
| 1:01.6 | which is how normal people define affordable, they mean affordable. |
| 1:06.4 | The price is still going to be really sky high, but we're going to get you some credit so that you can pay for it for the rest of your life. |
| 1:08.6 | Likewise, for affordable education. |
| 1:11.6 | Well, again, we're going to do everything possible to make education artificially pricey, but then don't worry about it. |
| 1:16.6 | We'll arrange to get you special credit terms, but of course you can't discharge them in bankruptcy |
| 1:21.5 | and you'll be saddled with them forever. So I wanted to talk about affordable housing today |
| 1:25.7 | with Ryan McMacon, who's a senior editor over at the Meases Institute. |
| 1:29.8 | Visit the Mezes Institute, of course, at mezes.org, M-I-S-E-S-D-org. |
| 1:33.9 | And Ryan has written on, well, he's written on so many topics, but he's written a number of pieces specifically on housing, affordable housing, |
| 1:41.2 | and factors that can go into the artificial elevation |
| 1:46.3 | of housing prices and what can be done about that. And that's a relevant factor, obviously, |
| 1:52.2 | when thinking about affordable housing. Are there factors that are artificially making that |
| 1:57.2 | home price higher than it ought to be? This is the stuff that's always left out |
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