4 ms·
Supply constraints can't fully account for the varied growth in house prices and quantities across US cities. Economic dynamics are more complex.
by Tewboo 2y ago
Supply constraints can't fully account for the varied growth in house prices and quantities across US cities. Economic dynamics are more complex.
- deleted 2y ago[deleted]
- deleted 2y ago[deleted]
- btilly 2y agoBut "can't fully account" does not imply "aren't a major factor". I would look at the paper in more detail, but it is not available to me.
- Earw0rm 2y agoChanges in fashion and lifestyle can shift demand towards types of housing that are more difficult to fulfil, supply-wise. Essentially if the young and upwardly mobile want suburban sprawl, it's easy to build more of it until the price comes down. If they demand city-center condos, that's a little trickier.