Comment by loeg
2 days ago
Your factual statements are wrong. The US population isn't flat over time, and housing (supply) decays over time. Prices aren't up everywhere, just the places people actually want to live.
2 days ago
Your factual statements are wrong. The US population isn't flat over time, and housing (supply) decays over time. Prices aren't up everywhere, just the places people actually want to live.
Let’s see some data:
https://jabberwocking.com/we-dont-have-a-housing-shortage/
Housing construction exceeds the population growth for the past 20 years. But housing prices are skyrocketing especially the last 10 years.
Your figure doesn't contradict my claim. We have spare housing capacity in undesirable places people don't want to live (rural towns, small midwest cities). We have shortages in the (especially coastal) cities, where the jobs are. This is obvious from prices, which are set by supply and demand.
https://pbs.twimg.com/media/Gw_BQYXbUAEicud?format=jpg&name=...