H
Harpy Eagle
Guest
"We're seeing a shortage, or housing underproduction, in all corners of the U.S.," says Mike Kingsella, the CEO of Up for Growth, which on Thursday released a study about the problem. The nonprofit research group is made up of affordable housing and industry groups.
"America's fallen 3.8 million homes short of meeting housing needs," he says. "And that's both rental housing and ownership."
I am not sure what the solution is. The article gives a few ideas, changing zoning laws for one to allow more affordable housing to be built. But that assumes anyone will build it. In my neck of the woods all the new housing being built are huge houses of "Luxury apartments". It seems nobody builds what many of us called "starter homes" back in the day.
Clearly the rising mortgage rates will not help the situation.
This is one of those things that is just going to fester till it explodes, which will not be good.