The White House (via OMB) strongly protests Congressional efforts within the FY 2027 NDAA to prohibit the purchase of warships from foreign shipyards. The Administration argues that these restrictions undermine national security by limiting flexibility and hindering its strategy of leveraging allied yards, such as in the 'Finland model,' to drive investment into U.S. shipbuilding capacity. This signals a significant policy shift toward integrating international partners into advanced naval construction, suggesting the Pentagon is prepared to bypass traditional domestic build requirements for future combat vessels.
Don’t Be Fooled by Sticker Shock—There’s No National Housing Affordability Crisis
English Summary
CATO’s analysis challenges the notion of a national housing affordability crisis, arguing that readily available metrics like house price-to-income ratios provide a misleading picture due to evolving housing quality and location preferences. The think tank emphasizes that affordability is best assessed by examining the relationship between down payments and household net worth, and ongoing mortgage payments relative to income, rather than solely focusing on the total price of a home. Data reveal that mortgage burdens, while elevated since 2020, remain within historical norms, and the required down payment is surprisingly manageable, particularly when compared to the 1970s and 1980s. Therefore, the report suggests a shift in focus away from broad affordability claims and towards localized issues of land-use regulations.
中文摘要
CATO 智庫的分析挑戰了國家住房可負擔性危機的觀念，認為常用的指標，如房價與收入比，由於住房質量和地點偏好不斷演變，提供了誤導性的信息。該智庫強調，可負擔性最好通過考察頭期款與家庭淨資產之間的關係，以及按揭貸款支付與收入的相關性，而不是單純關注房屋的總價來評估。數據顯示，自2020年以來，按揭貸款負擔有所提高，但仍處於歷史均值範圍內，而且頭期款的要求出人意料地可控，尤其相較於1970年代和1980年代而言。因此，報告建議將重點從廣泛的負擔性主張轉向對土地使用法規的本地化問題。
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