|
|
|
|
|
|
by tmnvix
764 days ago
|
|
|
> This an undersupply problem. Every time I go looking for statistics to back this argument, I come away underwhelmed. In most cases I see little change in the ratio of dwellings to households over the past few decades. Take a look at the first figure (HM1.1.1) in the following document - particularly those for the US, Canada, Australia, and NZ (all countries with prominent housing issues). https://www.oecd.org/els/family/HM1-1-Housing-stock-and-cons... On the other hand, I think there is a strong argument to be made for increasing underutilisation of housing (more second homes, short term rentals, etc). |
|
|
These are country-wide numbers. The obvious problem is that there is existing housing in Detroit but demand for housing in San Francisco.
It's also somewhat self-defining. If millennials are forced to live with their parents because they can't afford their own home then this is counted as one "household" when there is demand for two.
> On the other hand, I think there is a strong argument to be made for increasing underutilisation of housing (more second homes, short term rentals, etc).
There isn't anything inherently wrong with short-term rentals or second homes, they're just another type of housing demand that requires supply to increase to compensate. Until it isn't allowed to.