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The studies on this subject look at entire metro areas (https://www.fanniemae.com/research-and-insights/perspectives/us-housing-shortage https://www.fanniemae.c
by crooked-v 1y ago
The studies on this subject look at entire metro areas (https://www.fanniemae.com/research-and-insights/perspectives/us-housing-shortage https://www.fanniemae.com/research-and-insights/perspectives...), which include places like Oakland and Vacaville, not just city downtowns. "Want to live" here isn't just 'aspirational', it's covering basic elements like 'are there actually enough jobs there'. "Oh, there are fifteen million empty houses" means absolutely nothing because most of those houses are in places where there's no way for any substantial number of people to actually make a living.
- lazide 1y agoding ding ding the housing prices have nothing to do with some vague notion of ‘I want to live there’, but are rather a proxy for the expected economic value of a place * people’s ability to leverage it. Give businesses a reason to spread out a bit and not concentrate in these urban centers, and voila - all those ‘undesirable houses’ are all the sudden more desirable, and all those crazy zoning issues and nimby’s are not such an issue anymore. And the housing crisis mostly evaporates. But since availability is also a proxy for competition for those jobs, it’s not like folks have too much incentive to make it easy eh?