“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.
The only major demographic change from when we were kids/young adults is the amount of twenty somethings still living with their parents. Mostly because they can not afford rent in the area they live in.
Here in southern NH a two bedroom apartment is over $2000/month. In Boston/Cambridge, MA it is over $3000.
In the suburbs of Boston a bedroom in a house/townhouse goes for $1000-1250 to share a place. My 24 year old son just moved in with a buddy to share a two bedroom townhouse. He is paying $1250. He was paying $1750 to rent a one bedroom apartment. He lives about an hour NW of Boston.