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> Wouldn't this imply america already has affordable housing ? America has plenty of affordable housing, but it's in places that are not experiencing significa
by danans 7y ago
> Wouldn't this imply america already has affordable housing ?
America has plenty of affordable housing, but it's in places that are not experiencing significant economic and population growth.
The affordable housing crisis, as defined by a high price to income ratio, is specifically occurring in areas with growing economies and populations [1]. There are many reasons for this, but the biggest is simply the recent large scale internal migration to the booming metros.
1. https://www.jchs.harvard.edu/blog/price-to-income-ratios-are-nearing-historic-highs/ https://www.jchs.harvard.edu/blog/price-to-income-ratios-are...