• RampageDon@lemmy.world
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    9 months ago

    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.

    • grue@lemmy.world
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      9 months ago

      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.