I am having a hard time understanding the housing market.
I often hear this one response when someone points out that millennials can't afford to buy one:
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It's supply and demand! Not enough houses to go around so the cost to buy one is way up!
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But.. Am I the only one that is like, wait we're at maximum occupancy here? There are more people than homes can be built?
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Like...
Are we at a lack of supply because we
could have many more houses than we have, but we just wont build them?
Or are we at a lack of supply because we're reaching maximum occupancy and no mater how you shake it, we're screwed?
I just seem to think that if we have more demand than we have supply of homes, that it's not a solvable solution.
Do we think that new towns are going to open up in Nebraska and that will solve the housing issue?
I just dont see how supply of homes being a problem can just be fixed.
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