Why is housing often a mess under welfare statism?

Housing is often a mess under welfare statism. First-time renters and homebuyers face limited choices and often have to wait a long time before finding something affordable. And, in hot markets, demand outstrips supply, driving up prices in all housing segments. Some of this is part of how the market works—if an area sees a large influx of newcomers, prices spike as more people temporarily chase a limited supply until new construction catches up. But welfare statism makes the problems chronic.

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