Presidential candidate Donald Trump told the NAHB national board last week that “twenty-five percent of the cost of a home is due to regulation. I think we should get that down to about 2 percent.”
Here, website Our Broker takes a look at the possibility of such an endeavor. To be successful Trump would have to deal with two interesting propositions, writes Peter G. Miller. The first is that regulation unfairly increases home prices by 25%. The second is that a Trump Administration can reduce such costs by more than 90%.
Would deregulation pump new life into the American real estate market? Home builders' opinions are split on the subject but this analysis takes a look at the facts behind Trump's claims.