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I find it hard to believe the lack of housing is caused by a labor shortage in construction.
by seliopou 2y ago
I find it hard to believe the lack of housing is caused by a labor shortage in construction.
- TechDebtDevin 2y agoThe lack of housing is due to incentives. Investors aren't going to increase supply and in return decrease their margins, they'll just make their money work somewhere else. Free markets work against us here, this sort of thing has to be addressed via price-fixing/subsidies.
- mritterhoff 2y agoThe incentives are aligned for builders (who want to build housing for money) and buyers (who want to pay money for housing). What's getting in the way is overly restricted zoning, including single-family-unit only, and minimum parking requirements. The free market is the solution here, what's holding it back is zoning.
- jackcosgrove 2y agoAs I said, it's one factor. You can search for "construction industry labor shortage" and find lots of articles. This one has an overview from an econ perspective https://www.econlib.org/archives/2017/04/how_can_there_b.html https://www.econlib.org/archives/2017/04/how_can_there_b.htm...