alt Hacker NewsEverywhere I look in my area we are building new housing. But more people keep moving to the desirable locations with jobs etc.
EDIT: I live in one of the 10 fastest growing metro areas of the US. In the last 4 years my county added over 60,000 homes but about 130,000 new people moved here. I drive around and see new development after new development. But more people move here because of the good jobs, schools, etc.
I can drive 2 hours away to some economically depressed areas. Houses are a lot cheaper because the population moves away to the bigger cities for jobs, education, etc. So sure you can have a cheap house in an undesirable location.
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I don't know where you live but if you look at the statistics this is very clearly a regionalized problem in the US. Big coastal cities like SF, NYC, etc are building almost nothing but Texas is cranking out new suburbs by the square mile.
"We" in GP was the previous generation, not a nefarious evil cadre. The prior generations followed jobs to highly desireable areas, affordable only because they had the expertise and education to get the high paying job in the first place. Every person that moves there lifts the ladder a little higher behind them just due to market factors.
I feel that only works so long. Without new emerging areas offering high wages and decent cost of living, the new grads look at the old areas like SF (no hate just e.g.) and see a financial bridge too far and a tight job market anyway.
So there’s tons of empty housing? Why are people building new housing then, is it just that much better quality that the empty housing is the old crap?
Yeah.. In Texas, there is loads of housing, and loads of affordable housing.
In Canada - not so much
There's a huge disconnect between perceived amount of building and actual need for housing, in my experience. People are used to seeing nothing, so when even a single building goes up they think it seems like a lot.
In my downtown area, there has been a trickle of a new building with a few hundred apartments per year for the past four years, and people are freaked out at that tiny amount of new housing in a city of 50,000 people. in reality we need at least double that amount of housing per year, but that small amount has people shocked and thinking we're building way too much.
It's been far too normalized that we shouldn't build housing, and it's hurting society at a very deep level and causing massive inequality while blocking access to opportunity.