The Obama economy has been tough on America’s working families. Just last week Pew Research Center reported that in the last 15 years “the middle class lost ground in nearly nine-in-ten U.S. metropolitan areas.” One cause of this 15-year squeeze of hardworking Americans? Rising housing prices.
Regulatory fees on home builders have increased a whopping 30 percent since 2011.
While household income has largely been flat during the Obama recovery—the weakest economic recovery since the Great Depression—housing prices have continued to sky rocket, in large part because government regulations artificially inflate the cost of building new units.
In fact, regulatory fees on home builders have increased a whopping 30 percent since 2011, as reported in The Wall Street Journal.
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