On the Trump Plan to Reduce Housing Costs

As far as I can tell, it consists of the following:

  1. Deport millions of construction workers, thereby creating serious labor shortages;
  2. Encourage suburban jurisdictions to exclude multi-family projects;
  3. Reduce or eliminate the Fed’s independence, thereby reducing popular faith in the regulatory environment and the financial system; and
  4. Throw large subsidies at developers to build large residential projects in areas that are allegedly poor, but are actually affluent.

Yep, that should do the trick, all right. If I’m a member of Gen Z, that’s a program that would surely win my vote.