Comment by potato3732842

Demand is out pacing supply because while the greatest and silent generation was happy to retire on stonks, pensions and bonds the boomers all went out and bought more and more homes and condos and whatnot for rental income.

It used to be that rental housing was either owner occupied, like a landlord living on one side of a duplex or it was a big commercial investment. The current trend of every idiot having their starter house from 20yr ago listed as an airBnB wasn't a thing back then.

So basically we "need" way more housing per capita now so that they can all have their stupid little side gigs.