4 ms·
We've been underbuilding housing for quite a while in the United States. The GFC in 2008-2009 also spooked a bunch of people and convinced far too many people t
by spamizbad 3y ago
We've been underbuilding housing for quite a while in the United States. The GFC in 2008-2009 also spooked a bunch of people and convinced far too many people that another residential real estate crash was right around the corner. COVID happened and many people who were holding out lost their nerve and scrambled for housing, driving prices even higher.
First time in my life where asset doomerism actually made something more expensive.
- toomuchtodo 3y agohttps://www.fanniemae.com/research-and-insights/perspectives/us-housing-shortage https://www.fanniemae.com/research-and-insights/perspectives...
- cma 3y agoThe US has one of the highest square footage per capita of housing in the world. So maybe less underbuilding and more of a misallocation of the square footage.