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by neaden
57 days ago
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I mean sure, in some places it might be hard to find a starter home. Do you think that wasn't true in the 80s and 90s as well? I can't find the data going back to the 80s with a quick search, but here is one that shows it's been going down since 2000 https://libertystreeteconomics.newyorkfed.org/2025/08/who-is.... The narrative that millennials (of which I am one) are worse off economically than our parents is an attractive one to many people, but the fact is that it's not true, at least in the USA as a whole. |
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The number of homes built by decade was relatively flat from the 1950s to the 2000s. When you adjust for population, it becomes clear that housing construction has slowed down over time. When the supply of new housing becomes scarce, it tends to favor the highest bidders: large single-family homes and financialized schemes such as market-rate rental complexes.