Housing shortages are making homeownership unaffordable across the U.S.

Re:Housing shortages are making homeownership unaffordable a... by paulpauper on Sunday July 24, 2022 @05:49PM (#32218105)

There is enough housing if you don't mind the long commute. It's more like a shortage of homes in desirable areas. Suddenly adding more homes or packing in more people will make some of these areas less desirable and hurt existing homeowners.

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Re:Housing shortages are making homeownership unaffordable a... by aschearer on Sunday July 24, 2022 @05:54PM (#32218153)

I doubt it. I recently moved to Olympia, a city of 50k people an hour south of Seattle -- two hours with normal traffic. According to Zillow the typical home is now $540k -- up 18% from a year ago. Up from $340k two years ago. How much further do I need to drive? How much less desirable does the area need to be?

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Re:Housing shortages are making homeownership unaffordable a... by harambae on Monday July 25, 2022 @09:13AM (#32223779)

>There is enough housing if you don't mind the long commute. It's more like a shortage of homes in desirable areas

It would be so cool if this was true, or even remotely close to true.

Here's the middle of the desert, 2 hours east of San Diego, where you can see prices double in the last 2 years (just like, surprise, everywhere else!)

https://www.zillow.com/homedetails/3526-Country-Club-Rd-Borr...

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