4 ms·
This is the result of the way we've been lending money. Before 2008 you could easily get a loan for constructing new houses so many people did. Now new families
by usrn 4y ago
This is the result of the way we've been lending money. Before 2008 you could easily get a loan for constructing new houses so many people did. Now new families can only get a loan for existing houses, this necessarily constrained supply and I would argue is the primary driver in the housing crunch.
Bring back land loans and the problem will solve itself.
- asdff 4y agoA lot of areas are already built out and there's nothing left for greenfield single family home development. Zoning needs to be fixed before building can even happen. There is plenty of demand and money ready for development.
- usrn 4y agoThe US really is mostly empty and zoning is the way it is because the infrastructure needs to be upgraded first.
- asdff 4y agoYeah but alot of it is too inaccessible. The dense areas like LA county are built out to the mountainsides. What's left is desert that has no good access to the urban core containing the rest of the population, due to the massive mountain range in the way and only like two good routes that are nowhere near a convenient straight shot through. Its a lot easier to just think about how we can stack up people where they already are, where the jobs already are, then to go off scarring up more and more of the earth with development. There's plenty scarred already, lets just build up there.