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by orangecat
5 days ago
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Blame capitalism, but the real estate part. Housing is absolutely a large reason for the fertility decline, but the main issue is governments forbidding housing from being built which is pretty much the opposite of capitalism. new construction targets young unmarried people and successively makes smaller units while gradually raising the price per unit Developers don't get to unilaterally set prices, they're determined by supply and demand. When supply is heavily restricted, prices predictably rise. |
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Eh. Apartment rents are driven by cartel behavior, single management companies own vast swaths of real estate and almost everybody uses a small number of services which calculate the rent they should charge which is more or less price fixing as a service.
And cities which should be SHAPING the supply with zoning are instead allowing an extremely heavily biased supply of homes designed for single occupancy. If there were a lot more 3BR units in attractive areas it would reshape the whole market, they couldn't afford to have a whole mess of empty large apartments and forcing the prices lower on those would have a cascading effect on smaller apartments.