There is a specific locality to housing that is key to think about. This report from Brookings [1] titled "The Washington, DC region has built too much housing

There is a specific locality to housing that is key to think about. This report from Brookings [1] titled "The Washington, DC region has built too much housing in the wrong places", lays out a strong case for what is happening in my general geography. All politics aside, this is very accurate anecdotally as all the major housing developments I know of were fairly distant from work. We have housing going up, but not in the right place for the employees. Had colleagues commuting > 90 minutes one way for work, pre-pandemic. COVID changed all that for the better. Before getting married, my wife & I rented individually, and our combined housing expense (mortgage) for a medium sized TH in a good neighborhood is fairly close to our rents, previously. This is thanks to the low interest rate environment which has increased affordability despite the higher prices. [1] https://www.brookings.edu/research/the-washington-dc-region-has-built-too-much-housing-in-the-wrong-places/ https://www.brookings.edu/research/the-washington-dc-region-...