Governments across the US and Canada are starting to become creative when it comes to addressing the issue of affordability.
Rather than a straight cash handout, different schemes are aimed at assisting financing. California, Utah and Idaho are three states that have recently implemented programs aimed at improving housing affordability.
But the problem is that the true cost is often a combination of variables. Many of these programs have an impact of less than 5% on the cost of housing. Those families struggling with finding affordable housing are not just 5% off from their majic number. The gap is much larger.
At least governments get to claim that they did something.
Host: Victor Menasce