> Given that we're already at the limit with regards to housing supply...
That's a patently false statement.
There is room for exponential growth in housing. There is money for that exponential growth.
Those with the monies to do so simply aren't spending it on housing for median income families, single persons, elderly persons, homeless persons, etc.
Those with the financial ability simply don't spend in that manner.
There is no 'supply shortage' of housing. There are, however, discriminatory housing policies, practices, procedures, and fees.
In a way we are. If you take the satisfaction survey among Americans, while overall life satisfaction numbers today are mediocre (about average or even slightly below average from 1980), among particular categories, satisfaction with housing situation is among the highest ever, much higher than satisfaction with income, family life, health, etc.
Which means, because U.S. is a democratic country, it will be incredibly difficult to build any new housing as most voters are satisfied with theirs so for them, getting more housing is a lot less important than getting more equity on existing - and precondition for that is limiting new supply.
On the flip side, it probably suggests that perception of housing problem in the U.S. is mostly because of, just as with many other things, a small but very vocal minority for who it's indeed the case. It doesn't shake the economy nearly as much as it seems to be shaking public perception.
I mean sure, that counts as a limit, as it is something that limits the housing being built. We can probably learn a lot from asking why it's not profitable to build certain kinds of housing. That said, the US is not building zero housing, so some kinds of housing _are_ potentially profitable to build.
That's a patently false statement.
There is room for exponential growth in housing. There is money for that exponential growth.
Those with the monies to do so simply aren't spending it on housing for median income families, single persons, elderly persons, homeless persons, etc.
Those with the financial ability simply don't spend in that manner.
There is no 'supply shortage' of housing. There are, however, discriminatory housing policies, practices, procedures, and fees.