Why Is Housing So Expensive?

This podcast should be required listening for all of us involved in the housing sector. While perhaps counterintuitive, could well-intended state, municipal, and local progressivism be at the heart of our current “housing crisis”?

The five states with the highest rates of homelessness (and the biggest affordability problems) are CA, OR, WA, HI, and NY. Major cities within these states offer some of the best job markets, schools, public transit infrastructure, and social services in the nation. And while each of these elements is foundational to positive economic mobility, many lower-income earners are effectively being left “outside the gate” because of high housing costs.

The root cause of the current “crisis” is our collective failure to allow the market to build enough homes. This excellent analysis helps explain why and offers some hope for the future.