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Because of regulations increasing the costs to being building in anti-growth areas, the only thing builders can profitably produce is luxury housing. Many astut
by JMTQp8lwXL 7y ago
Because of regulations increasing the costs to being building in anti-growth areas, the only thing builders can profitably produce is luxury housing. Many astute observers will point out that cost per square foot hasn't changed much in the past few decades, though the number of square feet has. However, it doesn't seem to align with what many Americans actually want, which is affordable housing.
Those looking to unload their McMansions in the coming years should be forewarned they may not be demand for them: they're often located far from jobs, offer too much space versus the shrinking family size, and demand enormous upkeep. To an extent, remote work might make the first factor more palatable, but the latter two remain problematic.