Tinker71
Well-known member
- First Name
- Ray
- Joined
- Aug 8, 2020
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- Location
- Utah
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- 1976 VW EV bus, 2007 Sienna, Tesla M3, Cancelled CT2 rez - holding for $65k
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- Project Manager
- Thread starter
- #61
I really don't get the housing crunch. Population growth has been 1% per year in the USA for the last 10 years. Call it 300,000 new people per year. Housing starts have been roughly 1 million units per year over the last 10 years. 2.1 people per house (assuming these include apartments) I theory we are creating ~2 million bed spaces per year.We need large amounts of housing in any case. We haven't been building to keep up with job growth or birth rate for decades. Especially on the local level.
-Crissa
Adjust for retiring old assets, 2nd homes etc. We still should be fine.
As you said, this is a local problem, probably caused by internal migration.
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