Source: Ludwig von Mises Institute
by Ruel Domi
“Americans are increasingly unable to afford housing. For many young people, the ‘American Dream’ seems out of reach. In moments of economic frustration, populists on both the Left and Right rush to identify villains. Left-wing populists like Zohran Mamdani, Hasan Piker, or Bernie Sanders, blame the very wealthy and cite rising wealth and income inequality as the reason why, for example, home prices have soared. Right-wing populists often blame immigrants, arguing that more people inevitably mean more expensive rents and higher home prices. What populists on both sides of the aisle refuse to grapple with—whether it’s due to ignorance or the need to feed their click-bait audiences with the usual outcasts to blame—is that excessive government intervention in markets is to blame for rising home prices.” (07/16/26)
https://mises.org/power-market/populism-will-not-solve-housing-affordability-crisis-markets-will