A Trump economic official said that 'the best way to make people homeless is to make housing free'
- The Biden administration and the CDC enacted a new, limited
eviction banon Tuesday.
- The new ban could help keep many Americans in their homes in areas hit hard by the Delta variant.
- But conservatives said they fear the new order will keep developers from building more amidst a historic housing shortage.
Conservatives, including a former Trump economic official, worry that the new eviction ban implemented by the Biden Administration on Tuesday could lead to less housing getting built, as millions of Americans prepared to be forced out of their homes amidst an ongoing pandemic.
These worries come after the Biden administration announced a new targeted ban on evictions just days after a federal pandemic-era
Casey Mulligan, the former chief economist for the White House Council of Economic Advisers during the
"There's an old expression that the best way to make people starve is to make food free. The best way to make people homeless is to make housing free," Mulligan told the Washington Post.
Biden's new measure isn't as encompassing as the
"This moratorium is the right thing to do to keep people in their homes and out of congregate settings where COVID-19 spreads," CDC Director Dr. Rochelle Walensky said in a statement, adding, "Such mass
The order will be dropped in impacted areas when infections reach "controllable levels" for 14 consecutive days, or on October 3, whichever comes first (unless infections start spiking again), Insider's Azmi Haroun and Joseph Zeballos-Roig reported.
But some conservatives are arguing that the new order could also worsen the ongoing housing shortage by shortchanging housing developers. Developers have been building more new rental homes recently, but President Biden himself recently met with homebuilders and unions to discuss the current short-squeeze.
As Insider's Ben Winck reported, there is an ongoing housing crisis - but it's one that centers more on homeowners and affordability. Inventory has been and continues to remain tight, and it's filtering in to the rental market and jacking up prices.
But letting the eviction moratorium lapse might actually exacerbate the current housing situation, Insider's Taylor Borden reports. According to US Census Bureau data, 7.4 million households were behind on rent; if they're forced out, their units might open up to prospective renters - but it also means millions of newly evicted renters will be scrambling to find housing.
And more affordable housing might still be far off: While the Biden administration included affordable housing in its initial infrastructure proposal, it doesn't seem to have made it into the bipartisan proposal.
- Silicon Valley needs to stop laying off workers and start firing CEOs
- A laid-off Google engineer describes losing his 'only career' 16 years after starting as an intern
- OpenAI makes a ChatGPT-like tool called Codex that can write software. Here's why Codex won't replace developers and will instead create more demand for their skills.
- Best smartwatches under ₹3000
- Now, tourists from G20 countries will get to use UPI instead of cash in India
- Picnic dates over lavish gifts: 47% of GenZs prefer a budget-friendly Valentine’s day
- Jarvis Invest’s risk management service to help investors know when to exit a portfolio
- Rupee rises 19 paise to end at 82.51 against US dollar