Is the problem actually lack of homes, or is it just astronomical prices blocking people out? So hard to buy a house when you need to pay at least 25k over asking and some rental company is also bidding on the house, paying full cash, and waiving inspections and appraisals.
Is the problem actually lack of homes
The problem is actual lack of homes where the housing demand is, because of zoning codes restricting density. There are plenty of single-family houses in the exurbs, but not nearly enough du-/tri-/quad-plexes and rowhouses just outside of downtowns.
It is absolutely the second one.
Hopefully they’re built in places that actually need them, and not out in the middle of nowhere.
I’m more worried about them focusing on high-end homes
The worst part where I live(Ontario, Canada), they aren’t even high end, they are just insanely expensive. An absolute pile of shit mass-built subdivision home where I live starts at about $500k. Houses where they cut every single corner possible and only hire trade workers under the table or minimum wage. Houses where they pay off inspectors to be able to build without following codes. Houses where they rush every single worker because they are building them as fast as possible. It’s a fucking joke.
At a cost that only companies can pay thereby making the problem worse.
