[rayiner]

Surly demand (and lots of wealth sloshing around for the top 10%) is part of the problem too. The DC/NOVA area had pretty reasonable housing prices 20-30 years ago. It seems like they’ve been building housing pretty aggressively in that area. But prices used to be capped by what a GS-scale worker could afford. Now those same folks are competing with Google engineers and kids of rich foreigners.

[tptacek]

You could read an Yglesias post, or 1,000, talking about how effectively DC is confronting artificial housing scarcity.

[rayiner]

I subscribe to his substack. As far as I know, Virginia is allowing lots of housing development.

[tptacek]

So is Illinois. Not so much Oak Park.