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Supply, Land Prices, Income: The Complicated Equation Making Housing Unaffordable


Credit Zillow.com
Covid-19 has exacerbated the housing costs in Utah, making the market unaffordable for many renters and buyers. Dejan Eskic works at the Kem C. Gardner Policy Institute and said tremendous change is one reason why housing has become so expensive this past year. 
“About five years of acceleration occured in one year in terms of housing price, he said. That’s, you know, made housing a very hot topic. Housing has already been a hot policy issue because it’s being deemed less and less affordable.”  
 
Income is just one of the elements making housing unaffordable for buyers. Although increasing wages would help the housing crisis, policy on land use is another key piece. ....

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