Housing math just isn’t mathing, a Fed president says, ripping into NIMBYism and homes that are ‘increasingly unattainable for too many workers’

Econ & Housing

The math isn’t mathing. Hopeful homebuyers earnings just aren’t adding up to the cost of housing—leaving people desperate to break into the market. You don’t expect to hear that from a central banker, though. Cue Tom Barkin, president of the Federal Reserve Bank of Richmond, who gave a speech on Wednesday at the 2023 Virginia…

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