The author seems to have ignored the elephant in the room. Inflation adjusted house prices have nearly doubled in the past 30 years.[1] The median price histori

The author seems to have ignored the elephant in the room. Inflation adjusted house prices have nearly doubled in the past 30 years.[1] The median price historically seems to have been around $200k but since the 1990s has increased to $400k. As far as I can see he provides no hypothesis that could explain the change. More than half the cost being physical construction means the physical construction costs have gone up by a lot. The libertarian in my feels obliged to notice that regulations and licensing can definitely increase all the costs of materials, electrical work, foundation building and construction in general, but that'll be mostly speculation. [1] https://dqydj.com/historical-home-prices/ https://dqydj.com/historical-home-prices/