The next post after this will be for subscribers. In it I will add detail and charts to develop this summary. The American housing market has two ways forward: 1) An extended building boom, which may slowly reverse the debilitating housing costs that have undermined our economy and our culture. It will take years or decades of building hundreds of thousands of units more than we are now, annually.
Yes, the US cannot build infrastructure or housing. Oh, that.
It does raise questions about immigration. If the US is short 10 million housing units, should a modest reduction in population be a policy choice?
If AI is all it is said to be, maybe "worker shortages" will be a fiction. I think they already are, and that higher wages would solve "worker shortages." I notice anyone calling for more immigration is also part of the top 10%.
The chances the US will build 10 million extra housing units in the next 19 years, on top of the pitiful 1.5 million units...are nil.
US: Aging and insufficient infrastructure, aging and insufficient housing for as far as the eye can see...
Yes, the US cannot build infrastructure or housing. Oh, that.
It does raise questions about immigration. If the US is short 10 million housing units, should a modest reduction in population be a policy choice?
If AI is all it is said to be, maybe "worker shortages" will be a fiction. I think they already are, and that higher wages would solve "worker shortages." I notice anyone calling for more immigration is also part of the top 10%.
The chances the US will build 10 million extra housing units in the next 19 years, on top of the pitiful 1.5 million units...are nil.
US: Aging and insufficient infrastructure, aging and insufficient housing for as far as the eye can see...