Romer Debbas LLP managing partner Pierre Debbas warns of real estate consequences that comes from government getting involved with housing development.
The White House is opening up “Pandora’s box” with its new plan to address the housing crunch, according to one Real estate expert.
Romer Debbas LLP managing partner Pierre Debbas told “Mornings with Maria” the president’s plan doesn’t really address housing supply and its impact on the real estate market.
“A number of matters that they outlined this morning really doesn’t address: how are you going to bring supply to the marketplace?” Debbas told FOX Business’ Dagen McDowell.
The U.S. housing market is 3.8 million homes shy of meeting demand, researchers at Freddie Mac estimate.
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The Biden administration, on Wednesday, announced a number of steps aimed at easing the housing supply shortage, including…