"Yes, the student loan bubble and the first housing bubble and the two stock market bubbles of the past 30 years weren't enough, let's intentionally create another housing bubble."
The same people doing nothing to fix the supply problem are pushing small blocks of 'affordable housing' as the only solution, while simultaneously blaming the job/wealth creators for giving people enough money to buy houses.
The addition of loans by Apple also seems odd to me. We've seen repeatedly that gov backed 'affordable housing' is not a sufficient solution to supply problems. It's just going to further create a two-tier market, with the lucky few getting 'affordable' houses and everyone else stuck paying millions for tiny houses using gov/company incentivized loans.
Not to mention this continues the trend of incentivizing and redirecting increasing amounts of middle class capital into low-value housing instead of into job creation and other net-gain investments.
Adding more money to the supply while leaving demand frozen will only raise housing prices.
I'm sure everyone making this decision already owns a house, and will enjoy the benefits.
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