Taylor Borden at Business Insider argues that the current housing shortage could take a decade to fix… (Business Insider)
There are three main reasons for the housing shortage…
- Millennials are at peak homebuying age, but boomers aren’t selling
- Zoning laws keep new types of housing from being built
- There are not enough people working in construction
Karan Kaul, from the Urban Institute, said on NPR’s “Planet Money” podcast last week that what we essentially have is a supply and demand problem…
- “Right now, we have more people wanting to live in homes than we have homes…it’s going to take decades of building lots and lots of homes.”
