– I keep hearing the housing market in the USA had such a price surge because of demand increase and a lack of housing. Why did happen all of a sudden? There wasn’t some huge increase in people too.

Question

Secondly- What would it take for prices to change?

In: Economics

Answer 1

We haven’t had enough housing for decades. Boomers are getting more powerful and home owners are incentivized to not allow more housing as we give land owners far too many rights.

This creates a cyclical system where housing as an investment fucks op the economy.

The only solution is home owners to take a L for the rest of us and we end housing as an investment out the government has to step in and not allow them to have the power to be nimbys in local governments. If we don’t find a solution soon I’ll be emigrating out because no one in my pay will ever own a home in my city. It’s not possible.