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They can't answer this (thelemmy.club)
submitted 7 months ago by to c/politicalmemes@lemmy.world
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[–] 3 points 7 months ago (3 children)

When has the housing supply ever been fixed, though? It's always growing, and it should always be driven by demand.

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  • [–] 1 point 7 months ago (1 child)

    In an ideal world it should. But in reality the demand can rapidly outpace the growth.

    https://storymaps.arcgis.com/stories/1c9138dc24064b2e8142ff156345a719

    New York added 33,000 homes in 2024 and gave permits for 15,000 new ones but you still see extremely low vacancy rates and high demand outpacing these constructions.

    https://comptroller.nyc.gov/reports/spotlight-new-york-citys-housing-supply-challenge/

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