«If you want to discuss the REAL category 5 housing crisis, it's that people are being priced out of both owning and renting.»
That is a *boom* not a *crisis*, for those who matter. In every situation ask "for whom?"...
«Part of that is because of zoning restrictions which have limited the building of new housing for ages.»
That is just a symptom. The real reason is that the remaining "good jobs" are concentrated in a few areas and to get within commuting distance of a "good jobs" area one must pay. Property prices and rents have been falling, sometimes from decades, in those areas where the "good jobs" have been offshored.
«In my area, housing has gone up about 90 to 100% in the 10 years I've lived here. I'm sure it's similar in other places. Florida, where I used to live, is about the same. Has everyone's income gone up 90 to 100%? No?»
"Everyone" is a pointless generalization. There are those who matter and those who do not matter and those who matter have had booming incomes since Reagan. Here is a cartoon from "The Economist" depicting some of those who matter:
«If you want to discuss the REAL category 5 housing crisis, it's that people are being priced out of both owning and renting.»
That is a *boom* not a *crisis*, for those who matter. In every situation ask "for whom?"...
«Part of that is because of zoning restrictions which have limited the building of new housing for ages.»
That is just a symptom. The real reason is that the remaining "good jobs" are concentrated in a few areas and to get within commuting distance of a "good jobs" area one must pay. Property prices and rents have been falling, sometimes from decades, in those areas where the "good jobs" have been offshored.
«In my area, housing has gone up about 90 to 100% in the 10 years I've lived here. I'm sure it's similar in other places. Florida, where I used to live, is about the same. Has everyone's income gone up 90 to 100%? No?»
"Everyone" is a pointless generalization. There are those who matter and those who do not matter and those who matter have had booming incomes since Reagan. Here is a cartoon from "The Economist" depicting some of those who matter:
https://blissex.wordpress.com/wp-content/uploads/2024/07/polihousingoldpeoplebigmoney.jpg
That cartoon should show the Royal Crown Trusts ownership of 1/3 of open land mass in Britain.
Perish the thought of William and family running through fields with public housing projects on the distant hills.