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

I mean it hasn’t risen the same everywhere though. A friend of mine had bought a three story HUGE house in Mankato, Minnesota for like 100,000. That house can cost upwards of 300,000 in Minneapolis. Over 1,000,000 in Los Angeles.

Supply and demand def plays into it. More people wanna live in a bigger city than a small city. Especially if that city is on the coast.

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