Why have housing costs rose so much in the past decades?

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Why have housing costs rose so much in the past decades?

In: Economics

13 Answers

Anonymous 0 Comments

Inflation and demand. $100k in 1990 is equivalent to $200k today. USA population in 1990 was 250 million vs 330 million today, an 80 million difference. Yet only 36 million homes have been built since 1990.

People buy up properties and flip them for a quick profit, or buy multiple properties which reduces supply.

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