last week I testified at the House Financial Services Committee hearing Boom and Bust: Inequality, Homeownership, and the Long‐Term Impacts of the Hot Housing Market. It was not the first time I’ve testified—or written—about these topics, so I wasn’t the least bit surprised how many witnesses (and members of Congress) want to throw even more of other people’s money at the so‐called housing shortage.But given Rep. Ed Perlmutter’s (D‑CO) comments, I want to keep the record straight.According to Perlmutter (at about the 2:55 mark), I don’t want to do anything about housing supply, and I want to “cut the demand by making sure people don’t have any cash.” But that’s an inaccurate description of what I suggested.
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