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Originally Posted by Nouvellecosse
OAre you saying that there's plenty of attainable housing where the demand for housing exists but people don't want it because it isn't newer SFHs?
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Pretty much, yeah. Even in the NYC area, there's tons of affordable housing for middle class people, but many middle class people reject such housing, bc they have to have a SFH, or the housing has to be new(er) with attached garage, or the neighborhood has to be mostly white people, or there can't be any subsidized housing nearby.
Quote:
Originally Posted by Nouvellecosse
As it stands, if the country has multiple high-demand, high growth regions where a large number of people have trouble attaining suitable housing then that's a housing crisis of national scope.
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Where are these places? Bay Area, fine. LA, maybe. South Florida, maybe? Incomes are low. Not Seattle, as incomes are very high and home prices nothing like Bay Area. Nowhere on the East Coast. NYC, Boston and DC all have very high incomes and still pretty broad range of housing affordability.
Also, it's myopic to go market-by-market. There's no national housing crisis. Many of the hottest markets have artificial subsidies warping the localized demand (intense SF NIMBYism) or weird politicized demand (red state tax scammers). There's no reason to alter national housing norms bc some crypto bros fled taxes and Covid rules and moved to the Miami ponzi scheme. Columbus & Tulsa & Louisville are still pretty cheap.