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The same problem of the house price to income ratio shows there is as much of a housing shortage in rural America as well. "Solving" housing by moving all high
by km3r 5y ago
The same problem of the house price to income ratio shows there is as much of a housing shortage in rural America as well. "Solving" housing by moving all high CoL people to rural America is just going to price out all those with lower CoL area salaries. Our vacancy rate nation wide is low, likely well within the frictional margins that need to exist for a healthy market.
- ashtonkem 5y agoThis is certainly happening in small cities right now, as prices skyrocket.
- giantg2 5y ago"The same problem of the house price to income ratio shows there is as much of a housing shortage in rural America as well." Not necessarily. You can't use the overall picture data to make claims about localized or subcategories of data. Especially if the bulk of the people live in suburban and urban areas.