If you saved your money and bought a house in the suburbs, your investment and lifestyle may soon come under attack. The single biggest item in President Biden’s “infrastructure” bill, now being negotiated with Congress, is $213 billion he claims will be used to increase affordable housing.
What he really wants is to put the federal government in charge of local zoning and to install apartment buildings throughout single-family-home neighborhoods.
That $213 billion is nearly twice the spending on roads and bridges. It would change towns everywhere and, for many families, torpedo the American Dream of a house with a patch of lawn.
The Biden plan’s backers are hypocrites. Biden himself owns a four-acre lakefront home in upscale Greenville, Del., where there is absolutely no public housing, affordable housing or rentals that accept housing vouchers. And don’t expect any to be built next door to the Bidens.
Biden has always had a passion for stately homes and swanky addresses, even buying a 10,000-square-foot mansion that once belonged to the DuPont family, of 19th-century gunpowder wealth. Not exactly the sort of housing setup you’d associate with “Scranton Joe.”