Anirban Basu: Despite best intentions, Prince George’s County housing policy moving in wrong direction

By now, all are aware of the ravaging impacts of inflation. Many are also aware that housing costs have played a large role in rapidly driving up the cost of living. Since the start of the pandemic, the U.S. Consumer Price Index has expanded nearly 16% in a nation that aspires to 2% inflation per annum. The median price of a home in Prince George’s County has also raced higher, from $316,500 in February 2020 to $415,000 more recently, an increase exceeding 31%.