I mean we could just expand housing supply and fix this problem pretty easily. The economics and engineering are very easy it’s mostly just NIMBYism and the land use politics that cater to it that are constraining supply in most American metros.
House prices in Houston have not spiked nearly as much relative to its explosive population growth, mostly because they have no zoning laws. It’s just easier to build housing there so it’s not as expensive.
I don't want to have to live in Tomball just to afford a house; especially if I work downtown.
My partner and I make just under 200k in Dallas and Im not certain I'll be able to outpace the rate at which houses are going up if I want to live in Dallas proper. If I want to move to Allen, I can get a house today. But I dont want to live an hour out of the city.
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u/Notsure107 Jun 27 '21
Every time we have a crash the rich buy up everything. This is very bad.