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> This chart alone basically debunks the theory the Fed is solely responsible for lower housing affordability. Have you looked at Japan's population, its "dead
by sumedh 5y ago
> This chart alone basically debunks the theory the Fed is solely responsible for lower housing affordability.
Have you looked at Japan's population, its "dead ass flat" while US population keeps going up.
https://datacommons.org/tools/timeline#place=country%2FJPN%2Ccountry%2FUSA&statsVar=Count_Person https://datacommons.org/tools/timeline#place=country%2FJPN%2...
- arcticbull 5y agoDoesn't really matter. What matters is that in Japan supply and demand are equal. You could achieve the same outcome in the US with more supply.
- jeffreyrogers 5y agoNo, demand is actually down in Japan[0]. That chart shows residential housing vs. under 65 year-old population. So demand is decreasing but residential RE is rising slightly. Your analysis is also ignoring that services cost a lot more in the US than they did in the past. You can't build cheaply in NYC or SF or Seattle anymore because construction workers cost more. [0]: https://lh3.googleusercontent.com/-xDrQEcMyF5Y/YWDyNh-3TiI/AAAAAAAAJ2Y/pqILtYRxjCkvMcKbL9flYDxPxlbwSs5fQCLcBGAsYHQ/image.png https://lh3.googleusercontent.com/-xDrQEcMyF5Y/YWDyNh-3TiI/A...
- arcticbull 5y agoI should have said supply >= demand. Yes, SF has the second-highest construction costs in the US. $330/sqft. [1] Average home prices are $900-1200/sqft. [1] https://www.investsf.com/why-san-francisco-has-the-second-highest-construction-costs-in-the-world/ https://www.investsf.com/why-san-francisco-has-the-second-hi...