“There is a shortage of housing”
This is a fact. It was not until the last few years when we got up to 1.3 to 1.4 million starts when we were building enough homes(single & multifamily) to keep up with a population of 350 million people.
For ten years we under built.
“For ten years we under built.”
And as you know from your business, we aren’t catching up.
And most people still demand to live far about their means.
You could evenly divide all the wealth in America among the citizens and in 7-10 years the wealth distribution would be right back where it is now and the same people would be poor, middle class and rich again.