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America's housing shortage is keeping home prices high (www.axios.com)

submitted 1 year ago by lumberjacked to c/news

59 comments fedilink hide all child comments

We’re also seeing a rapid increase in commercial vacancies with WFH. But there are big challenges and costs to turning commercial properties into residential.

I’ve heard a lot about the problems. Surely there’s some good ideas for a solution out there?

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[–] quikideo@feddit.nl 1 points 1 year ago (1 children)

Of course. The people who run cities are almost always multi-millionare landowners and their friends all have real estate investments too.

They either make it illegal to build densely, or they put obstructions in the permitting process to restrict how much is created.

[–] V699@kbin.social 1 points 1 year ago

Our mayor literally has a town named after his family