I like that the line you quoted from the article is pretty much a bait and switch.
Comment on Why is the price of real estate rising so dramatically?
r0ertel@lemmy.world 3 weeks ago
This is a pretty good read and explains that it’s not a supply issue.
pluralistic.net/2024/10/24/i-dream-of-gini/
A paradox: in 1970, everyday Americans found it relatively easy to afford a house, and the average American house cost 5.9x the average American income. In 2024, Americans find it nearly impossible to afford a house, and the average American house costs…5.9x the average American income.
JamesTBagg@lemmy.world 3 weeks ago
jpreston2005@lemmy.world 3 weeks ago
Here’s the nested article, i.e. the article your article is talking about: October 23, 2024, By Blair Fix; The American Housing Crisis: A Theft, Not a Shortage