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In very real ways, the median American is richer today than throughout history. But in some ways we are clearly worse off, and going downhill. The cost of hous
by btilly 11mo ago
In very real ways, the median American is richer today than throughout history.
But in some ways we are clearly worse off, and going downhill. The cost of housing is one of the most important of those.
Unfortunately both sides blame each other. While neither side takes action on the thing that is important - building more housing. If your population grows and your housing doesn't, the cost of housing must go up.
While there is growing support for "yes in my backyard", overall we're headed the wrong way. We have not enough housing, and we are not building it as fast as demand is growing. We have thickets of regulations that make building housing very difficult. And little appetite for fixing that. Even in cases that desperately need it - such as to rebuild properties that were destroyed in California fires early this year.