(Editor’s note: Opinion pieces are posted for discussion purposes only.)
The U.S. is building new homes at about half the historical rate, and it’s causing our cities to become unaffordable
Glenn Kelman | CNBC
America’s future is happening first here, in Seattle. Just this year, Seattle technology jobs increased 21 percent. Housing prices rose 12 percent. And all the people who built this city out of coffee, lumber and airplanes have struggled to keep up.
Only a third of Seattle homebuyers outside of technology now report being confident they’ll be able to afford to live here in 10 years. The same thing will happen in Austin, Boston, Denver, Portland and, eventually, to a dozen other American cities that will become less affordable over the next decade.
The problem is housing.
