[wil421]

Provide some sources about Atlanta not adding housing fast enough I’d love to read it. A recent AJC points out lower interest rates helping out especially in the sub $300k range. This range was the most affordable for first time home buyers. The article points out recent buyer who got a 4 bedroom house in Snellville for $210k.[1] To your point wages haven’t grown as fast as housing costs. Atlanta is also right behind SF in median wage growth.[2]

There’s only one time in the past 30 years where housing prices dropped and people lost money. It wasn’t because of NIMBYism.

[1] https://www.ajc.com/business/real-estate/atlanta-pending-hom...

[2] https://www.ajc.com/business/atlanta-wages-but-not-fast-hous...

[sarchertech]

Housing prices (both buying and renting) are rising faster than inflation or wage growth and occupancy rates are high. That means demand is outstripping supply. We aren't adding housing fast enough to keep up with demand.

And Atlanta added far fewer units in 2018 than 2017 (you can Google the numbers) so we're actually slowing the rate at which we're adding housing.

>There’s only one time in the past 30 years where housing prices dropped and people lost money. It wasn’t because of NIMBYism.

When did I imply that NIMBYism caused housing prices to drop. I said the exact opposite.