AEIdeas

The public policy blog of the American Enterprise Institute

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Discussion: (1 comment)

  1. Bob Zimmerman

    David P. Goldman published an article in First Things stating that the number of families needing a three bedroom two bath house had been essentially unchanged since the early 1970′s. The supply of such houses had roughly doubled. Regarding a house as a way to obtain wealth was never a sound idea. The cost ultimately reflects the utility, even though there are temporary manias that make some of us lose sight of that fact. When we return to our collective senses, some of us learn some painful lessons.

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