Editorial Board

The American Dream Needs an Extensive Renovation

To address a worsening housing crisis, stop limiting supply and subsidizing the wrong kind of demand.

Home sweet home.

Photographer: Frederic J. Brown/AFP/Getty Images

A home is more than just a place to live. It determines whom people interact with, where their children go to school, how they can apply their talents and how healthy they are. Ensuring abundant, affordable housing is essential to a nation’s prosperity.

By any measure, America is failing at that task. For the sake of the economy, society and even the environment, it must do better.