REPORT: Ben Carson takes aim at red tape blamed for soaring housing costs

JUNE 10, 2019

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by FOXNEWS.COM:

State and local governments are driving up the cost of housing through a web of regulations, industry groups and federal officials say – a situation that’s prompted Housing Secretary Ben Carson to call for new incentives to eliminate the red tape.

“Our country is facing serious housing affordability challenges,” Carson said in a statement for this report. “Too many families can’t afford a home mortgage, and too many Americans face high rent prices … We must do more to increase supply and bring down housing costs by reducing state and local regulations and zoning restrictions.”

The article goes on to state the following:

Critics point to assorted zoning, rent control, permitting and environmental regulations as the culprit for high prices.

During remarks at a conference in May, the secretary cited a Brookings study singling out two California cities: San Francisco and Los Angeles.

Monthly housing costs for a family of four average $3,121 in San Francisco, Hayward and Oakland — the highest in the country, according to a USA Today analysis in April. The newspaper used data from the Economic Policy Institute and Bureau of Economic Analysis measuring the 25 most expensive places to live in the nation.

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