Policy-produced housing shortages aren't true housing shorta...

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2026-05-04T18:34:31Z

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Policy-produced housing shortages aren't true housing shortages. They're market inefficiencies. Housing shortages makes it sound like there aren't enough square feet of living space to go around.

We have never had as many square feet per person, as we have today. Even ostensibly crowded urban areas are beginning to resemble ghost towns, dotted with Airbnbs. But the housing remains expensive, because the housing is owned by people who don't live in it and have no real use to it.

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