Cash grants for children can inflate national housing prices
By offering families twenty-seven thousand dollars for every third child, one nation inadvertently pushed the dream of home ownership out of reach for many young couples.
Hungary has turned the family home into a tool for demographic engineering, but the economic side effects have been drastic. Through a subsidy program known as CSOK, the government offers grants of up to 10 million forints to families who commit to having children. While intended to reverse falling birth rates, the sudden influx of cash caused a massive surge in demand that the construction industry couldn't match.
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