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by ip26
14 days ago
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The “affordable” housing thing seems like such a misdirection. I can’t help but daydream that some moneyed interest somewhere fans those flames, as it looks like a dead end that can absorb endless fervor. You know what you do if you want an affordable car? You buy used. I think most people understand Ford is never going to build another a car that costs $10k brand new, and the last new car near that price barely sold because it was so stripped. |
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When everything is built huge you don’t end up with homes that are cheap to heat, cool, or maintain. That’s why building affordable houses is actually a real issue.
What’s really dumb is the average number of people living in a house has tanked over time but the median new home just keeps getting larger. In an efficient market you’d expect new homes to match what buyers want, but regulatory capture has severely distorted the market.