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So this isn't a US issue but is affecting most countries. And it seems to be related to (a) people are living far longer, (b) they refuse to downsize or move i

So this isn't a US issue but is affecting most countries. And it seems to be related to (a) people are living far longer, (b) they refuse to downsize or move into retirement homes and (c) young people are less willing to move into cheaper country/rural towns. The hope was that technology and remote working would help but it really hasn't worked out that way. The only option is increasing density in urban areas and building taller apartment complexes.

mc32 3y ago
There’s an elephant in the room called inflation.
- thfuran 3y ago
  Is there another elephant sitting on it called real wage growth?
  - mc32 3y ago
    Yeah, I think it was eaten by inflation though.
somedude895 3y ago
(d) shrinking household sizes. Kids don't live with their parents as long, people aren't having kids and there are a lot more single households. sqft/person has increased significantly. https://www.aei.org/carpe-diem/new-us-homes-today-are-1000-square-feet-larger-than-in-1973-and-living-space-per-person-has-nearly-doubled/ https://www.aei.org/carpe-diem/new-us-homes-today-are-1000-s...