The shortage has its roots in the financial crisis, and was exacerbated by the pandemic.
We’re also seeing a rapid increase in commercial vacancies with WFH. But there are big challenges and costs to turning commercial properties into residential.
I’ve heard a lot about the problems. Surely there’s some good ideas for a solution out there?
Just let people build more housing. In most American cities it’s either totally impossible or so expensive only millionaires and big real estate companies can afford it. There’s no reason for a permitting process that takes 5 years or for single family zoning, other than homeowners self interest and racism.
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Just let people build more housing. In most American cities it’s either totally impossible or so expensive only millionaires and big real estate companies can afford it. There’s no reason for a permitting process that takes 5 years or for single family zoning, other than homeowners self interest and racism.