by Calculated Risk on 10/28/2024 11:02:00 AM

Today, in the Calculated Risk Real Estate Newsletter: A Proposal to Address the Housing Crisis

Brief excerpt:

Economist Adam Ozimek and John Lettieri (CEO, Economic Innovation Group) have a new proposal to address the housing crisis in the United States: How the next president can solve America’s housing crisis

U.S. housing costs are out of control. The median home for sale was rarely more than four times the median household income throughout the 1980s and 1990s. But by 2022, it had risen to nearly six times. Renters have not fared better. In 1980, around one third of renters were cost burdened, meaning they spent 30 percent or more of their income on housing. Fully half of renters are cost burdened today. 

The main reason housing is too expensive is that we don’t build nearly enough of it.

There is much more in the article.