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> Still, on average, people are spending about 40% of their paychecks on renting a place to live. I think it's fair to say they've made progress in slowing the
by jrumbut 3y ago
> Still, on average, people are spending about 40% of their paychecks on renting a place to live.
I think it's fair to say they've made progress in slowing the growth of the housing problem, but it is a big stretch to say they don't have a housing affordability problem.
- AnthonyMouse 3y agoHousing is mostly local but a little bit national. If you have better housing prices than other cities, well, some people can work from home, guess who's moving in. People compare cost of living when choosing a new job. Get most cities to do what they did and you get less of this net migration and housing becomes more affordable everywhere. Some of this also takes time. You let people build, they start to build, that doesn't mean they've stopped yet.