Or, like any other commodity where there’s a market imbalance, you address supply issues and prices come down.
Our largest recent spike in home starts was during the pandemic, when housing prices skyrocketed, so there’s clearly more to the price than just supply. A comprehensive plan to improve housing affordability would take that into account, and address the demand and financing parts of the equation.
There’s nothing in the LPC plan to guarantee costs fall, so it seems we’ll be left to the whims of the market. Again.
Now you’re putting words in my mouth.
Our largest recent spike in home starts was during the pandemic, when housing prices skyrocketed, so there’s clearly more to the price than just supply. A comprehensive plan to improve housing affordability would take that into account, and address the demand and financing parts of the equation.
There’s nothing in the LPC plan to guarantee costs fall, so it seems we’ll be left to the whims of the market. Again.