Housing Breaks People’s Brains

This piece from The Atlantic calls out “The most basic fact about the housing crisis is the supply shortage. Yet many people deny this reality.” The theory is that “If new housing is built, most of the people who move in first vacate other units. Those units then become available to newcomers, and so on.” First, we must deal with “shortage denialism,” the widespread belief that the U.S. doesn’t have a shortage of housing. That belief is wrong!