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Your April 7 editorial, "Markets don't provide affordable housing, so government must help," illustrates that what you do not understand about economics literally does fill volumes. Your assertion that lack of "affordable" low-end housing is the result of a market failure is about as true as a comparable assertion that lack of affordable Lamborghinis is a result of a market failure.
There is no market failure with respect to housing.
Instead, it is oppressive governmental meddling in the marketplace that causes a higher break-even point, forcing developers to target higher prices just to break even. Let's get rid of the useless regulations and the bureaucrats who dream them up so well-meaning developers can build housing at the low price point that low-income families require.
Phil Palmintere
Park City