Supply is not the problem, it's excessive demand. Moreover, you can't build 10 or 20 times because the industry is already at max capacity. And even if we could build that amount, the feds would just bring more people to keep prices high for their developer pals. So anyone framing the problem solely in supply terms is not up to speed with what's really happening.
"Supply is not the problem" Not sure that quote will age well.
I've covered this extensively in the zoning reform thread. Suffice to say, affordability didn't improve despite the supply boom since 2008:
That too.
Read article...not sure I see where it helps your argument. My argument is if we built more homes it would help homes become more affordable. You don't agree? I would add to that that we shouldn't bring in higher #'s of people if we can't build more homes. Or, only bring in people w the skills required to build homes and get us out of our home deficit situation. Eliminating unions would also help...but save that for another day, as I don't want to trigger you more than necessary in one post.
Voila. Surprisingly most people don't make this connection. But it's critical. That's all I'm getting at.
It demonstrates what I've been saying all along: that supply isn't the issue, or at least, not the only issue. Vastly excessive demand is a massive problem. Many people don't understand this or refuse to acknowledge it. I'm glad you've come around!
I'm in a union and I prize the job security. I don't know enough about how construction unions work to have an opinion one way or the other. I have heard they sometimes artificially restrict hiring to drive up wages.
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