I’m new to this sub. Why is there a housing shortage when the birth rate has been declining considerably? The national news just said we need 5 million more homes to satisfy the current need. I’m genuinely curious. Thanks!
In: Economics
It’s not one house to one person. There are people who own multiple properties and this is taking away from the rest of us. Let’s say you have a pizza for sale with 8 slices and there are 4 customers in line. In a fair setup you would have 2 slices each but in reality first customer orders 4 slices, the second orders 2 slices and the third orders the last 2 slices. What’s left for the fourth customer then? That’s a huge part of the housing shortage.
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