3 ms·
I wonder how much of what this article describes (housing crisis, lack of spending power, inability to buy a home, etc) is due to demographic booms straining ho
by ericd 7y ago
I wonder how much of what this article describes (housing crisis, lack of spending power, inability to buy a home, etc) is due to demographic booms straining housing supply that doesn't react very quickly. The Millenials are another relatively large generation, and we have another housing crisis in almost every major city at around the time they're reaching 25-35.
- wil421 7y agoCould your provide a source for your housing crisis in most major cities? If a look at the top 10 largest metro areas[1] only one is in the news often, Los Angeles. NYC and DC do not have the same issues as the west cost. Boston, Atlanta, Dallas, Houston are not even close to having the same issues as SF or Seattle. [1]https://www.census.gov/newsroom/press-releases/2018/popest-metro-county.html https://www.census.gov/newsroom/press-releases/2018/popest-m...
- hn_throwaway_99 7y agoAs usual when looking at metro stats, a lot of it has to do with how you slice "city" and "metro". If you look at the top combined statistical areas, https://en.m.wikipedia.org/wiki/Combined_statistical_area https://en.m.wikipedia.org/wiki/Combined_statistical_area, I would argue that the top 6 all have serious housing affordability issues that I've heard about quite frequently, and the reason they're not as bad as SF/Seattle is that (a) they're not as geographically constrained and (b) most of these are older cities (e.g. NY, Chicago, DC) which were already bug on an absolute basis and thus could better absorb growth.