Same in the UK. The Labour government are targeting 1.5M new homes but even if they make it, it will barely scratch the surface. It will take decades and require houses to stop being an asset class and become homes again. This is the wreckage of 40 years of neoliberal economics.
The U.S. is short - depending on who you quote - 3.5M to 6M homes. There are no plans in place nationally or on the state level to meet those gaps in the near term. Current projections put us decades away from a 'solution'.
Just remember the snare we're in with local zoning and NIMBYism. The most progressive communities in Blue states are the worst offenders in opposing density increases. Ultimately, efforts like Gov. Hochul's failed attempt to wrest zoning away from municipalities will need to be enacted if we're to solve the problem.
Same in the UK. The Labour government are targeting 1.5M new homes but even if they make it, it will barely scratch the surface. It will take decades and require houses to stop being an asset class and become homes again. This is the wreckage of 40 years of neoliberal economics.
The U.S. is short - depending on who you quote - 3.5M to 6M homes. There are no plans in place nationally or on the state level to meet those gaps in the near term. Current projections put us decades away from a 'solution'.
Well, that’s neoliberal economics for you. There’s obviously no market demand - oh, wait a minute….
Just remember the snare we're in with local zoning and NIMBYism. The most progressive communities in Blue states are the worst offenders in opposing density increases. Ultimately, efforts like Gov. Hochul's failed attempt to wrest zoning away from municipalities will need to be enacted if we're to solve the problem.