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The US has an annualized growth rate [0] of ~.7%, or ~2M/yr, and this an historically low rate (probably b/c of economic problems) Annualized "new housing star

The US has an annualized growth rate [0] of ~.7%, or ~2M/yr, and this an historically low rate (probably b/c of economic problems) Annualized "new housing starts" is 1.28M/yr [1] And we already have a housing deficit, proven not only in homelessness, but in adults sharing rentals, the high cost of rent, new grads completely besides themselves in lack-of-prospects, student debt, etc... In other words, it's getting worse. Clearly, the only answer is building more housing, and the market is not answering that call. Or give me 40 acres and a mule... [0]: https://tradingeconomics.com/united-states/population-growth-annual-percent-wb-data.html https://tradingeconomics.com/united-states/population-growth... [1]: https://tradingeconomics.com/united-states/housing-starts https://tradingeconomics.com/united-states/housing-starts

davidw 8y ago
The market is constrained by rampant, rabid NIMBYism, among other things.
- angel_j 8y ago
  They all want to own a rental too, since it only costs a down payment to possess the property iff somebody else pays the bank. But it's more than NIMBYS. There's foreign capital holding land and property, dog-eat-world construction developers operating nationally and globally, and infestations of anonymous YUPPIES who are basically living in w/e city like it's an extended career commute, and have no incentive to gaf about local problems, but want their sensibilities and stuff to be safe and protected by police—it's these people's tax dollars city politicians clamor about needing to attract in order to fix local problems and ofc pay expensively to police.