Reply to WSJ: rapidly growing mismatch between the price of available housing inventory and demand

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yeah I've wondered about this too. Many people buy and build HUGE houses, but don't really want them. I have a 3500 sq ft house, but would have preferred 2500 for instance. I just wanted 4 bedrooms (3 and a office really) and a large family room/kitchen. Not easy to find! Builders are not building what people want, but are instead building what will profit them. There is a disincentive to build small-medium sized family homes. They make the most money off the big houses.

My starter "house" was a condo, just like the majority of the people I know. Sure the HOA fees suck, but it's the easiest way to get on the property ladder. Townhouses were about 200k more than my condo and houses were about 400k more. [/quote]

Then allow people to subdivide their property to build two modest houses. [/quote]

What in the world... It's not the buyers who are constructing these houses. It is developers. Buyers have no choice. They either buy an unrenovated shit shack for cash, or overextend and buy a new home. The real problem is that land and labor costs are too high for developers to build anything but the biggest and most-expensive.[/quote]

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