To the Editor…

by on July 29, 2015

Subject: Role of Realtors in housing crisis

Hi Randy:

From a big picture analysis, the biggest elephant in the room on the SF Bay Area housing crisis is the defunding of HUD in the late 1970’s, starting with President Carter and not Ronald Regan who just continued the evolving and ongoing processes of deregulation and deflationary policies.  HUD was the affordable floor of housing for the poor and middle class and it was working.

What amazes me is that I don’t hear much of anything on refunding HUD to 1970 levels adjusted for inflation, including Bernie Sanders or yourself.

George Davis

Filed under: Letters to the Editor

Translate »