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I think something missing here is that people often want to live in urban areas. For many young people, these are the places where all the interesting things ar
by scaredginger 4y ago
I think something missing here is that people often want to live in urban areas. For many young people, these are the places where all the interesting things are happening. You're always surrounded by other people and culture. Prices are high in these areas because they are so attractive; we need to increase supply to meet it
- leetcrew 4y agopeople don't just want to live in cities, they want to live in a few specific neighborhoods within those cities. for example, a peculiar thing has been happening in baltimore. average housing prices have been steadily going up while the population is actually shrinking. there is a glut of supply citywide, with entire blocks sitting vacant. but the competition over units in a few cool neighborhoods is enough to totally offset that. we could provide satisfactory homes and services to everyone in america, if we made it a priority. but we will never be able to build enough supply in the most desirable neighborhoods. people just need to get over that.