The author misses the big picture: housing is embedded in an economic system based upon perpetual growth.
The scarcity of housing, as the author correctly points out, is related to location, location, location. The old saw is "buy land; they're not making any more of it". As the population continues to grow, there may be more houses, but there certainly will not be more houses in desirable locations that are already built up.
The madness here is the perpetual growth. The author's entire analysis is irrelevant because perpetual growth cannot continue in a finite environment.
Whether or not housing prices rise to beat inflation, and whether we vote for Bernie and AOC or not, our houses will soon be worth nothing because we will all be dead. This is the inevitable outcome of the perpetual growth paradigm.
The only sane way to stabilize housing prices and to prevent the inevitable post-apocalyptic collapse, therefore, is by achieving sustainable numbers.
The insects are gone. The animals and the oceans are going. We are immediately next. If you doubt this, and if you continue your consumer lifestyle, you are insane.
We used to make more land in desirable places, much of SF's population lives on on man-made land. Scarcity mindset sounds right, but most of that status refute it. Known reserves of pretty much every resource has only increased over time.
If you take the big picture view, then the earth itself has only a temporary lifetime, and thus we should switch to looking outside our planet. For that, optimizing for growth and tech progress above all else is probably the right goal.
The scarcity of housing, as the author correctly points out, is related to location, location, location. The old saw is "buy land; they're not making any more of it". As the population continues to grow, there may be more houses, but there certainly will not be more houses in desirable locations that are already built up.
The madness here is the perpetual growth. The author's entire analysis is irrelevant because perpetual growth cannot continue in a finite environment.
Whether or not housing prices rise to beat inflation, and whether we vote for Bernie and AOC or not, our houses will soon be worth nothing because we will all be dead. This is the inevitable outcome of the perpetual growth paradigm.
The only sane way to stabilize housing prices and to prevent the inevitable post-apocalyptic collapse, therefore, is by achieving sustainable numbers.
The insects are gone. The animals and the oceans are going. We are immediately next. If you doubt this, and if you continue your consumer lifestyle, you are insane.