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The US certainly has a shortage of desirable land (e.g. land in Manhattan and San Francisco). Even if the details of which land has more demand than supply cha
by harimau777 7y ago
The US certainly has a shortage of desirable land (e.g. land in Manhattan and San Francisco). Even if the details of which land has more demand than supply changes over time, I don't think that changes the fact that at any given time there is a shortage.
- gumby 7y agoThere is lumpiness in the market, sure, but by and large house prices in the us aren’t that high.
- harimau777 7y agoThere are definitely places in the US where housing prices are not high. However, I don't think that changes the fact that there are areas where the supply for housing cannot keep up with the demand. I don't think that your average person who wants to live in Manhattan would consider a house in Cleveland as an equivalent substitution.
- ClumsyPilot 7y agoI dont think that's correct to look at as shortage of land - Having more physical land does not solve the problem. You could put SanFrancisco on an infinite flat earth, and house prices would hardly budge.
- lotsofpulp 7y agoIt most definitely would, as it would change the scenery, weather, and overall desirability of living there.