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Kevin Hassett: Housing Costs Are Down In California Because "Everybody Is Leaving The State"
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Kevin Hassett: Housing Costs Are Down In California Because "Everybody Is Leaving The State"
“Our deregulation efforts are putting a lot of downward pressure on prices. You’re right to highlight shelter costs. One of the metrics of shelter costs that I find most interesting is that they’re going down pretty rapidly in places like California because everybody is leaving. So if you look at the aggregate numbers, even though there are high prices in California, it puts downward pressure on inflation because everybody is leaving the state.”…
Coverage Details
Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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