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No, failing to build enough housing and apartments over the last 30 years made homes unaffordable. Software developers were just lucky enough to be making abov
by solid_fuel 2y ago
No, failing to build enough housing and apartments over the last 30 years made homes unaffordable. Software developers were just lucky enough to be making above average income, enough to afford a house even while prices rose.
- LoganDark 2y agoNot anymore.
- ehnto 2y agoWhich is crazy. Where I live, even upper-middle class can't afford a house, so what is going on? Who is actually participating in the market to keep prices so high, and who ultimately benefits from all this imaginary value on non-productive asset speculation?
- throwaway48476 2y agoNo one mentions it but the problem is immigration. It pushed the demand curve too high.
- CamperBob2 2y agoNo one mentions it because it's ridiculous.
- sam_lowry_ 2y agoWhile we are at this.. the real reason is that we have too many kids.
- Fire-Dragon-DoL 2y agoThe U.S. is really big, if housing was built there wouldn't be a problem
- throwaway48476 2y agoNot all land is equally valuable. People need access to water and food. There's a reason why every big city is located next to a river.
- solardev 2y agoWe have plenty of homes to go around. They're just not affordable.