Part 7/10:
Critics also argue that the bill represents an overreach into the free market. The housing market is traditionally driven by supply and demand, with government intervention often criticized for distorting prices. The proposal's restrictions might hinder the development of new housing stock, especially in markets where regulatory barriers have already limited construction. Kevin Erman, a housing economist, warns that the bill could hamper efforts to increase housing supply, which is crucial given the decades of underbuilding following the 2008 financial crisis.