pretty much all the arguing about careers and making a living is really due to cost of living which is due to this graph, and almost nothing else. The red area is housing that doesn't exist. It's what 2008 caused us not to build. Solve this and you solve everything. https://t.co/UwVq3Ir4Qc
When the public sector leads, vacant space becomes an embarrassment instead of an immediate fiscal crisis. The human need to fill the space, at whatever cost, is not conducive to good decision-making. Worst of all, putting all the public improvements into a finished state before any private investment has occurred merely ensures that the city will
... See moreAs in previous cycles, the problem was that the victims kept growing at the same time as the economy surged. Those who found new jobs started at the bottom of the escalator and found themselves tossed off time and time again. Median household income did not grow at all in fixed dollars.
nationally, housing is lost at a rate of about 0.58 percent per year compounded.
So there’s a vicious cycle wherein aging populations make housing more expensive, which slows family formation