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Trade wars have driven up the cost of housing
invite response
2019 Jul 1, 5:25pm 503 views 3 comments
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2
Heraclitusstudent
2019 Jul 1, 5:31pm
Heraclitusstudent
2019 Jul 1, 5:31pm
What about Chinese people made rich by trade buying up real-estate in the US?
3
Heraclitusstudent
2019 Jul 1, 5:33pm
Heraclitusstudent
2019 Jul 1, 5:33pm
Some people are desperate to blame the trade war for problems that really have nothing to do with the trade war.
Because, you know, we need to buy Chinese stuff, otherwise some people who would profit from that won't be able to.
Because, you know, we need to buy Chinese stuff, otherwise some people who would profit from that won't be able to.
A critical but often overlooked factor that is hurting housing affordability is the ongoing trade war on lumber, steel, aluminum and other imported materials and equipment that is needlessly driving up housing costs. The administration needs to negotiate a new Softwood Lumber Agreement with Canada and to resolve the trade dispute with China to bring down the artificial increase in building material prices that are putting upward pressure on home prices and rental units.