2 ms·

We're still recovering from the housing bubble bursting. When that happened a ton of developers went out of business and building came to a stand still. The mar

We're still recovering from the housing bubble bursting. When that happened a ton of developers went out of business and building came to a stand still. The market demand eventually caught up with the overbuilding from during the bubble and have passed it creating a shortage again while the developers get to building. It should level off again in a few years as long as the city doesn't make zoning mistakes.

davidw 11y ago
The problem is that it's all very uneven. A lot of people would love to live in the bay area, or Portland, but not so many people want to live in Lakeview, Oregon. But building more housing in the Bay Area is very difficult due to NIMBY rules and regulations.