Re:The housing shortage is larger than you think
by seanmcdirmid on Wednesday December 20, 2023 @01:36PM
(#38712025)
You can actually create more land, but we usually just do that for airports. Hong Kong is a great example of building up and up while prices are still sky high. I guess you are just referring to the states though, right?
We have a housing crisis because restrictive zoning codes prevent housing density from rising to meet demand. The market is not being allowed to work properly, and has not been for decades now in many places, so we have accumulated a huge backlog of unmet demand.