Monday, March 5, 2012

The Rent is Too Damn High, Ctd.

At Slate, Matt Yglesias makes the case that the U.S. is suffering from a dire shortage of multi-family apartments:

People don’t vanish just because they don’t want to buy a house. The collapse in house-building since 2006 has been massive. Meanwhile, the population has kept on growing. The only reason we have enough space for everyone to live in is that so many broke young people are living with their parents.

Steve Clowney

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