Erdmann Housing Tracker • 84 implied HN points • 02 Dec 24
- There is a housing shortage, which means there are not enough homes available for people who need them. This shortage can lead to high prices and long waiting lists for affordable housing.
- When rent control is put in place, it may help some tenants afford their homes but can also lead to declining quality of living conditions. Property owners often stop maintaining their properties, which can create additional problems.
- Access to mortgage loans is important for homebuyers. If people can't get loans to buy homes, it reduces the amount of housing being supplied in the market, contributing to the overall shortage of available homes.