Rather than a lack of supply, housing affordability "may primarily be about differences in income growth at the top of the distribution relative to the middle."
Developers who only build for WallStreet and corrupt local officials who keep approving them to gentrify their communities are. There are simply not that many “high earners” for the amount of supply.
Developers who only build
for WallStreet and corrupt local officials who keep approving them to gentrify their communities are. There are simply not that many “high earners” for the amount of supply.