The Washington Post reports that Montgomery County home prices have risen nearly 70% in the past three years.
This represents a huge and unfair transfer of wealth from non-homeowners to homeowners. It hurts young single people like me, because we aren't usually homeowners. And with housing prices rising and rising, maybe my whole generation will be shut out of home ownership and condemned to second class status.
Housing prices have risen not by accident, but because of government policies that prohibit new home construction, resulting in an artificial shortage of houses. But this obvious reason wasn't mentioned in the article, because liberals will never say anything in favor of construction.