On Detroit’s Morning Answer program, GAI spokesman Eric Eggers breaks down why homeownership has become increasingly unattainable for young Americans. Soaring housing costs stem from two primary forces: record-high immigration without matching housing construction, and environmental regulations that dramatically raise building costs.
The Trump administration has floated the idea of creating 50-year mortgages as one way to lower the cost of buying a home.
Eggers critiques proposals like 50-year mortgages as superficial fixes that would simply enrich banks rather than address the root causes of unaffordability. The conversation also explores political messaging failures, particularly the Trump administration’s struggle to connect immigration enforcement with affordability concerns among Latino voters. Eggers further examines elite-driven housing visions, the rise of socialist policies in New York, and how concentrated public-housing populations can be more vulnerable to ballot manipulation.
“We just let a ton more people into this country, and we haven’t built many more homes,” Eggers said. Environmental regulations, along with zoning restrictions, “obviously make it more expensive for homes to be built.”
“Environmental regulations in San Francisco add on average $400,000 to the median price of a home,” he pointed out.
