This is a big deal, so it's worth considering the causes.
In reverse order of my perception of significance:

Where do you think housing costs attributable to regulations would fall in that ranking?

I've read estimates that almost 25% of a home's price in the US can be attributed to regulations. That's a hefty sum if true at ~$100K on a $400K median home price.

Of course, some of those regulations, we'd never want to remove. But I've read estimates that this figure in a number of other major industrialized countries such as Australia, UK, Germany, Japan comes out to only around 10%. If those countries can get by with 15% less of a home's price in terms of regulation costs, I wonder why we in the US can't.

It's a serious situation for upcoming generations. I'd love to see an affordability housing initiative taken on to thoroughly research, identify, and rank all causes/factors and propose plans to address them.

Berkshire Hathaway FAQ

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