Kansas State Senator Mike Thompson Solves Housing Crisis?!?

The former Kansas City weather dude has sparked a firestorm online with his latest missive regarding the American housing crisis and proposed solutions. 

There's a lot to admire about his bravery in sharing ideas . . . But I'm not sure I can spot a workable solution given that he seems to admit that THE FREE MARKET FAILED in this instance or at least in a practical sense given that government regulation does, in fact, have to factor into the equation.

Either way . . . It's something to consider as the rent comes due . . . Check the money line and a link for those who haven't seen it already . . . 

"Government does not, and cannot provide affordable housing. Government has been subsidizing housing through various tax cuts, incentives, subsidies, etc. for as long as I can remember. And, in spite of all that spending, the cost of housing of all types continues to rise. Why?  Do we just not spend enough taxpayer dollars on affordable or attainable housing? 

"The fact is that government intervention adds cost, complexity, regulation, and inefficiency, to the housing market. It also creates malinvestment, misallocation of resources, and distortion of the supply and demand for housing. Those who promise that they can provide “affordable housing” fail to understand and choose to ignore these truths. Government IS the problem. 

"A functional free market is the answer to the problem, but we don’t really have one of those these days.
Given the current situation, the best thing we could ask of government is to get out of the way of the housing market so it can correct the imbalances on its own."

Read more via www.TonysKansasCity.com link . . .

Kansas State Senator Mike Thompson: THE AFFORDABLE HOUSING DECEPTION

Developing . . .