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, because increasing demand only pushes up house prices further without expanding housing supply. Fiscal decentralization and a … system. The consequences of this setting, which make housing supply extremely unresponsive to changes in house prices, are a …. The key UK policy, Help-to-Buy, which focuses on stimulating housing demand, fails to address the affordability crisis …
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Governments throughout the world intervene heavily in housing markets, and most have multiple policies to pursue multiple goals. This chapter deals with two of the largest types of housing policies in the United States, namely, low-income rental assistance and policies to promote homeownership...
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