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Everywhere is struggling with housing right now, because nowhere has built enough since the great recession - and some places like California have probably been

by davidw 5y ago

Everywhere is struggling with housing right now, because nowhere has built enough since the great recession - and some places like California have probably been underbuilding for decades. Median prices are still pretty low there, though: https://www.realtor.com/realestateandhomes-search/Houston_TX/overview https://www.realtor.com/realestateandhomes-search/Houston_TX... It does not strike me as a particularly attractive place to live - but I'm not a big city person, and prefer more mountains/nature. Its population has sure been growing, though, indicating that someone wants to live there.

seanmcdirmid 5y ago
> Everywhere is struggling with housing right now, because nowhere has built enough since the great recession That was my original point in another thread (under building during the great recession + an exodus of building talent). > It does not strike me as a particularly attractive place to live - but I'm not a big city person, and prefer more mountains/nature. Its population has sure been growing, though, indicating that someone wants to live there. Houston is growing at half the rate of Seattle, at least in the last 10 years (10% vs. 20% growth). Those cities growing the fastest seem to have the most pressure put on their housing markets, which makes sense.
- davidw 5y ago
  Demand certainly contributes to rising prices if supply lags. Houston does a much better job than other places of adding supply, and part of that is their 'zoning-lite' approach.
  - seanmcdirmid 5y ago
    I don't know. If Houston is the poster child for the zoning-lite approach, a lot of people won't be interested in going in that direction. Or to say, if zoning creates a problem with affordability and the lack of zoning creates a problem quality of life, it doesn't sound like getting rid of zoning is a no brainer.
    - davidw 5y ago
      I'm not really sure where that article gets its data, but the actual price of homes in Houston is low despite a lot of people moving there and the economy thriving. Seems relevant.

by davidw 5y ago

seanmcdirmid 5y ago

> Everywhere is struggling with housing right now, because nowhere has built enough since the great recession That was my original point in another thread (under building during the great recession + an exodus of building talent). > It does not strike me as a particularly attractive place to live - but I'm not a big city person, and prefer more mountains/nature. Its population has sure been growing, though, indicating that someone wants to live there. Houston is growing at half the rate of Seattle, at least in the last 10 years (10% vs. 20% growth). Those cities growing the fastest seem to have the most pressure put on their housing markets, which makes sense.

davidw 5y ago
Demand certainly contributes to rising prices if supply lags. Houston does a much better job than other places of adding supply, and part of that is their 'zoning-lite' approach.
- seanmcdirmid 5y ago
  I don't know. If Houston is the poster child for the zoning-lite approach, a lot of people won't be interested in going in that direction. Or to say, if zoning creates a problem with affordability and the lack of zoning creates a problem quality of life, it doesn't sound like getting rid of zoning is a no brainer.
  - davidw 5y ago
    I'm not really sure where that article gets its data, but the actual price of homes in Houston is low despite a lot of people moving there and the economy thriving. Seems relevant.