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Reply to "Is Gen Z to blame for next housing crisis?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]New Home Construction can’t keep up with demand due to lack of workers raising prices of homes due to high labor costs. Builders claim Gen Z does not want to join trades, go to vocational schools or do hard physical work in general. There is no next generation to build homes if Gen Z does not step up. In 10 years will Gen Z be complaining they can’t afford homes ? [/quote] I do not agree with your post. You say next housing crisis. But we do not have one now. Also we will not then based on what you have said. [b]Demand will create supply[/b].[/quote] Demand never creates supply. In this case, housing supply is restricted because of real scarcity (land) and artificial constraints (zoning and other housing regulations). Therefore, supply canNOT expand to meet demand, so all you have is prices skyrocketing (which also leads to other wealth stratification and concentration). [/quote]
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