A common claim from supply truthers is that homes per capita is at all time highs, so there can’t be a supply crisis. For some number of reasons, a lot of people are just resistant to the supply story. To someone seeking anti-supply talking points, it seems like a really good point. I have written a little bit before about why it really isn’t an
You're not being shrill--the math is solid on this and the fundamental demonstration is the way in which all housing unit prices have appreciated at a higher rate than CPI over the last several decades. My personal metric is the resale value of "junk" houses on the outskirts of metro areas---these assess and sell for prices that don't make sense unless you account for the broad based scarcity of housing units everywhere. I happen to own one of these s--theaps and if I sold it I'd make a profit because someone will be desperate enough to buy it even if I don't fix the plumbing, electrical, septic, siding, kitchen, bathroom, etc.....
You quip on Twitter that reacted to the Marginal Revolution comments section was cynical and accurate. The path to housing abundance is all uphill everywhere.
> There is no feasible future with affordable housing that doesn’t also include a lot of new vacant and seasonal homes and homes used lightly by people of means
Why is that? It's an interesting assertion to make, but I don't see the logic.
You're not being shrill--the math is solid on this and the fundamental demonstration is the way in which all housing unit prices have appreciated at a higher rate than CPI over the last several decades. My personal metric is the resale value of "junk" houses on the outskirts of metro areas---these assess and sell for prices that don't make sense unless you account for the broad based scarcity of housing units everywhere. I happen to own one of these s--theaps and if I sold it I'd make a profit because someone will be desperate enough to buy it even if I don't fix the plumbing, electrical, septic, siding, kitchen, bathroom, etc.....
You quip on Twitter that reacted to the Marginal Revolution comments section was cynical and accurate. The path to housing abundance is all uphill everywhere.
> There is no feasible future with affordable housing that doesn’t also include a lot of new vacant and seasonal homes and homes used lightly by people of means
Why is that? It's an interesting assertion to make, but I don't see the logic.