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
because in a capitalist economy housing isn’t built to house people, it’s built as a means to make money, and those two priorities don’t necessarily align. So you end up with a bunch of overpriced condo towers that sit empty or get bought as investment properties while people sleep in tents along the tracks.
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