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> But housing - [...] The middle class who would 30 years ago be settling down in suburban detached homes with kids are in pokey flats or sharing houses with ot
by kgwgk 7y ago
> But housing - [...] The middle class who would 30 years ago be settling down in suburban detached homes with kids are in pokey flats or sharing houses with other professionals.
Real estate goes through cycles shorter than 30 years and it was not more expensive in 2012 than in 1990.
- DoreenMichele 7y agoIn the US, we've torn down about a million SROs in recent decades and largely zoned out of existence the creation of new Missing Middle Housing. This trend likely was worse in 2012 than in 1990. We have a very serious housing supply issue in the US because while our housing supply has increasingly concentrated on the direction of upper class nuclear family, our demographics have gone in the opposite direction and moved away from that. We have a lot more small households (childless couples, single adults) and essentially no housing designed for them. Instead, we now default to expecting young adults to rent a home designed for a family and get roommates to fill the extra bedrooms and divide up the rent. It's quite the serious problem and it's maddening to continue to see comments that act like there is no housing crisis. I have repeatedly had people tell me that the high cost of housing has nothing to do with homelessness, never mind that I can cite sources that show a very strong correlation.