alt Hacker NewsDid you intend to add something after the definition? For better or worse, "moving out once you reach 18" is widespread enough of an expectation that it can be used as a yardstick for housing shortage.
Did you intend to add something after the definition? For better or worse, "moving out once you reach 18" is widespread enough of an expectation that it can be used as a yardstick for housing shortage.
I think it's interesting how "shortage" is defined across different products.
From an economics standpoint, "shortage" isn't a useful word, unless it's applied in the extremely unlikely scenario where there nothing is available at any price. Generally, this is because price dictates supply.
"Shortage" for the current housing market is generally used to mean, "relative to historic trends, many people want houses who can't afford the current prices."