> The US has a housing shortage [1] (~3M-8M units)
It doesn't. It really, really doesn't. The per-capita housing units are close to the historical highs. And per-household stats are _even_ _better_: https://fred.stlouisfed.org/graph/?g=15tRv
What the US has is the density-despair spiral going. It's creating denser and denser pits of despair in the urban centers via economic forces.
After all, what use is housing in Iowa if you _have_ to live in New York? Because there are no jobs for you in Iowa. And housing in New York will NEVER be cheap.
It doesn't. It really, really doesn't. The per-capita housing units are close to the historical highs. And per-household stats are _even_ _better_: https://fred.stlouisfed.org/graph/?g=15tRv
What the US has is the density-despair spiral going. It's creating denser and denser pits of despair in the urban centers via economic forces.
After all, what use is housing in Iowa if you _have_ to live in New York? Because there are no jobs for you in Iowa. And housing in New York will NEVER be cheap.