U.S. Senate Candidate Mark Warner Opposes Affordable Homes

A new campaign email from former Virginia governor and current U.S. Senate candidate Mark Warner (D) suggests he believes the government has a responsibility to prop up overvalued home prices. Higher prices, of course, mean lower affordability for new home buyers.

Here is the relevant section of the Mark Warner campaign email that I just received in my inbox:

Lately, it seems like the U.S. Senate is where good legislation goes to accumulate dust on a shelf. Legislators left Washington on Friday for the July 4th recess. They did so after failing to pass a bipartisan bill aimed at preventing the steepest decline in housing prices in a generation.

Obviously, Mark Warner believes the abnormally high housing prices of the past few years were normal. They were not.

Unlike most politicians, Mark Warner has a business background so he has no excuse for not understanding the inverse relationship between price and affordability.

Of course, I got the email one day after putting a Mark Warner bumper sticker on my car. Lereah!