>If we figure out how to increase supply to keep up with what looks like unquenchable and long-term demand
The answer, as it always has been, is sprawl. We can't sprawl with cars anymore: land is too valuable to park on. So we're bidding with our time: moving to further-out transit stops, walking farther to the stations, tolerating increasing crowding on the trains (losing the ability to work and read). People who nominally make $50+/hour are spending 2, 3 hours a day commuting from their $2500/mo apartments.
I don't mind being a passthrough for the transfer of wealth between tech investors and real estate investors. I am growing increasingly resentful about the hours of my life that I'll never get back, shuttling back and forth from where housing is affordable.
I could technically live close to work, but not with an emergency fund. Maybe with roommates, but that's even worse.
The answer, as it always has been, is sprawl. We can't sprawl with cars anymore: land is too valuable to park on. So we're bidding with our time: moving to further-out transit stops, walking farther to the stations, tolerating increasing crowding on the trains (losing the ability to work and read). People who nominally make $50+/hour are spending 2, 3 hours a day commuting from their $2500/mo apartments.
I don't mind being a passthrough for the transfer of wealth between tech investors and real estate investors. I am growing increasingly resentful about the hours of my life that I'll never get back, shuttling back and forth from where housing is affordable.
I could technically live close to work, but not with an emergency fund. Maybe with roommates, but that's even worse.