Today, we're dissecting the U.S. home affordability crisis. Millions of households are spending far too much of their income just to keep a roof over their heads, with median home prices exceeding $420,000.
In this video, I break down the core issues behind this crisis. We'll cover:
1. The concept of a single, integrated shelter market: Understanding why existing home sales do not increase the overall housing supply.
2. Chronic under-building of new homes: How a significant shortfall of 500,000 units per year since 2010 has created a multi-million-unit deficit.
3. The affordability mismatch in new construction: Why new homes are often too large and expensive for first-time buyers, with only 16% now considered 'starter homes' compared to one-third a generation ago.
The Sure-Fire Solution To The Affordability Crisis
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