What happens to the price of housing if you subsidize demand?

What happens to the price of housing if you subsidize demand?

https://x.com/selinawangtv/status/1824197751795495245

happy things for current homeowners. sad things a generation from now.

…while you’re instituting price controls in other core market sectors.

Oh this is such a great idea! Let’s make the median home price 1M! Bravo!

This won't work in most markets where the cost of homes have skyrocketed past the point where first time homebuyers can afford the mortgage. Nice talking point though, i'm sure they'll come up with at least 2-3 more of these she can rattle off in her stump speeches to make the point that she is combating inflation. Her arch nemesis right now.