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422 sats \ 3 replies \ @kepford OP 5 Dec 2023 \ parent \ on: Will Bitcoin Solve the Housing Crisis? bitcoin
I've just heard a few investment types talk about it. I don't think it is population growth. What I've heard is that post 2008 new housing hasn't kept up with pop growth. Then in the last few years it started to pick up and then the Covid response gummed it up. I know in my small town a new development stalled for at least 5 years and just started back up in 2018. They finished it in 2020.
The other thing I heard was since the pandemic more millinials are desiring single family homes so that is increasing demand. Seems like interest rates should slow that though. Gotta suck though.
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The other part of millenials desiring single family homes since the pandemic, is people moving out of major cities. Both things have been happening for a while, but migration out of the biggest cities and into smaller cities has been the major trend in American domestic migration for many years now. That's why housing is in short supply in the places people are moving to.
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Yep. My experience is anecdotal but I've seen it in Texas, Tennessee, and even in California.
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