Millennial logic: Move to a place with a growing population, but expect rent to go down, and complain when it doesn’t.
Instead of finding new ways to cram people into smaller spaces, we should be trying to incentivize businesses to spread out and open new branches. This has the side effect of encouraging diversity and social mobility.
Converting sprawling residential areas into high-density urban areas without upgrading infrastructure and public transit like we have been doing leads to a lot of issues.
People are gradually getting stuck choosing between skyrocketing real estate prices and massive contention for shared resources in urban areas, or languishing opportunities and pay in rural areas.
Not to mention the consequences of climate change, and the additional risk of concentrating more people in fewer places. Or the impact on political power due to the way the Senate and Electoral College are structured.
So I disagree that this is just a “housing crisis” where building more housing is the obvious solution. That will lead to secondary costs and problems that could well be crises themselves. Plus I think we have enough housing, it’s just that there aren’t equal opportunities across the country where the housing surplus exists.
Honestly if they’d have just built some freakin (affordable) houses millennials would have been fine. Instead we have click-baity pitty-articles about how some retiree can’t sell their 5000sqft $1.5mil dream homes to debt-strapped 30-somethings.