Image of the day: what a housing shortage looks like
A great explanation by Toby Muresianu
A housing shortage doesn’t look like empty shelves - it looks like lots of people lining up to see a place.
Why Housing Breaks People's Brains: A Visual Guide. “Housing shortages are uniquely counterintuitive. These images show why.” Toby Muresianu, January 2024.
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davenewworld_2, June 2022. “These are lines to view vacant apartments in NYC. We're witnessing the collapse of the American dream in real time.”
Richard Wittstock, January 2022. “I have a condo unit turning over in Yaletown Feb 1. Posted it on Tuesday and have received well over 150 inquiries for it. For Feb 1. These people are desperate. It’s insane.”
When there’s a shortage of new housing, old housing will also be expensive