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U.S. now short 4.5M homes as housing deficit grows

zillow.mediaroom.com

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Re: U.S. now short 4.5M homes as housing deficit grows

#3

Post by BugsJustFindMe »

It certainly doesn't help that political responses to housing (lack of) affordability are commonly demand-side price games (limiting rent increases, subsidizing loans, tax rebates) that feel good but actually cause harm because they worsen the real problem shown here which is that demand growth outpaces supply growth.

Re: U.S. now short 4.5M homes as housing deficit grows

#6

Post by goalonetwo »

Do we really have a housing deficit? If you look at prices they indeed go up because nobody wants to sell and too many people have been wrongly convinced that buying is always a good idea.

If you look at rent on the other hand it has stabilized in most location. I was even able to negotiate a rent decrease last summer.

I'm not convinced we have a housing deficit. But I'm convinced that too many people are blindly buying at whatever prices, driving the prices irrationally up.

Re: U.S. now short 4.5M homes as housing deficit grows

#7

Post by iambateman »

My first home (bought 2014) is up 100% and my second home (bought 2019) is up 55% over purchase price.

It's unsustainable for this country to think that houses can be both (1) an appreciating investment and (2) affordable.

But in order for us to find long-term price stability, people like me must make peace with the idea of our houses _never_ appreciating beyond inflation.

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