Wonder Why Your Rent Is High? Because Everyone Decided They Want to Live Alone
businessinsider.comThis article said nothing about zoning.
People can live alone, affordably, with a higher supply of housing, not just for rent and purchase, but we’ve gotta build much more than single family zoning.
We need to build housing, full stop: https://fred.stlouisfed.org/series/HOUST
The country stopped keeping up with housing demand in the 1980's. Combine that with centralization and abandonment of the countryside, it's no wonder that prices are where they are.
> we’ve gotta build much more than single family zoning.
Just not in my neighborhood.
Welcome to Discourse, a new online journal of politics, economics and culture published by the Mercatus Center at George Mason University.
Strange that the Koch brother mole, of all people, does not not understand supply-side economics. Also strange that they are seemingly in favour of kommunalkas.
I don't think it's a misunderstanding of supply and demand. There can be an explanation on both sides of the equation. Increasing supply is a solution to increased demand, but it's worth sharing that demand itself has increased and why it's increased.
Take a look at chip shortage a few years ago. Demand went to about 5x normal demand in the space of a year. The solution was to increase supply but it's not a misunderstanding of supply and demand if you told me that demand increased for xyz reason.
Demand fell off off a cliff.
according to Patrick Gelsinger, CEO of Intel, demand for semiconducters grows at 5% per year. Covid drove demand to "twenty-plus percent"
https://youtu.be/mV0ek-i9C8U?t=105
I believe he of all people would have an adequate pulse on the industry during that time.
Semiconductor Sales
2017 419 billion
2018 468 billion
2019 418 billion
2020 439 billion
2021 555 billion
2022 573 billion
Do you see the cliff? (hint: 2019)
Source: Lived through it
That's the thing about propaganda, er, libertarian economics. You have to promote whatever the spin is today, even if it contradicts what you said yesterday. Their followers have etch-a-sketches for brains. Shake them upside down and they are blank again.
edit: I guess I called that guy wrong. Anyhoo, everybody who has read The Road from Mont Pelerin all the way through raise their hands. Only me? The prosecution rests.