Dave Chappelle is under attack for quashing a plan to develop so-called affordable housing units in his neighborhood. What’s the real story here, and why the anger?
for quashing a plan to develop so-called affordable housing units in his neighborhood. What’s the real story here, and why the anger?
As most people know, housing prices, whether rent or mortgage, have been increasing at a rapid pace recently. Year-over-year home price appreciation is reaching levels not seen since the housing crisis, with home price appreciation for December 2021 averaging 16.1%, up from 10.5% the year prior. As a result of such drastic increases, which far outpace wage growth, many people are being priced out of the market.
Let us learn from what happened with Chappelle and not fall for shallow solutions meant only to benefit interest groups. Dr. Ben Carson is the founder and chairman of the American Cornerstone Institute and the former secretary of the Department of Housing and Urban Development.
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