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?
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This got me thinking, I wonder if the reason they don’t fix homelessness is to create artificial scarcity for home values
Capitalism requires that there are people in poverty, that’s part of it’s function.
Of course. The people who run cities are almost always multi-millionare landowners and their friends all have real estate investments too.
They either make it illegal to build densely, or they put obstructions in the permitting process to restrict how much is created.