The U.S. housing market crisis has been marked by tight inventory and high prices, but two economists pointed to a source of affordable homes that could be unlocked by amending a federal law from 1974.
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The U.S. housing market crisis has been marked by tight inventory and high prices, but two economists pointed to a source of affordable homes that could be unlocked by amending a federal law from 1974.
“In commercial banking, they talk a lot about ‘We want to help with affordable housing, so let’s build apartment complexes,'” says Tina McKinstry, a member of Takesa Village, a resident-owned mobile home park in Mead. “You’re making a landlord rich. You’re not making the people rich. With [co-ops], you’re making the people rich.”
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