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Housing prices are rising dramatically even where populations are declining and land is abundant. It's not as simple as saying there's a housing shortage due to
by bink 3y ago
Housing prices are rising dramatically even where populations are declining and land is abundant. It's not as simple as saying there's a housing shortage due to zoning.
- kevinventullo 3y agoAre you sure? Housing prices in my small Midwest hometown have risen by something like 1%/yr on average for the last 30 years.
- bumby 3y agoJust curious, what's the population growth been like? If it's been declining, why would we expect housing prices to go up at all?
- twelve40 3y agoit's almost never a simple function of population. One example: between 2010 and 2020 population of Latvia dropped by about 10% while the house prices have doubled.
- thfuran 3y agoIf it used to be that two or three generations of a family lived in a house and now everyone wants their own, housing demand could increase while population drops. If marriage rates or number of children per household decrease, housing demand per capita probably increases.
- traverseda 3y agoGeneral inflation?
- kevinventullo 3y agoRight, population has been steady or even slightly declining, and there has been plenty of housing development, so it’s not a surprise that existing housing prices haven’t gone up. But even that directly contradicts the OP’s first sentence.