Government Regulation in the Price of a New Home
According to HousingEconomics.com in a new study by Paul Emrath, Ph.D, the cost of government regulations in the price of a new home has gone up almost 30% in the last 5 years. Moreover, these costs are rising more than twice as fast as the average person’s ability to pay for it. Now, I’m sure that regulations improve the health and safety of a home, but I’m really not sure that houses are 30% safer now than they were 5 years ago, if at all. And there are additional costly regulations on the horizon. It would just be nice to be able to feel good about the fees that we are paying!