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
Used to be they’d build a modest 2br, 900sqft ranch and sit it on a tiny little plot, so close you and your neighbors could shake hands through an open window.
But there’s more money building 2000sqft McMansions. So that’s what they build.
And once you’ve bought your McMansion, the last thing you want is a low income complex built within a mile of you. So you join boards and committees, what have you and vote to keep those things far away from you.
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