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I’ll believe it when I see it. Heard this sentiment 100s of times. Also housing is really only out of reach ina few highly desirable places. Many of the places that are now super desirable weren’t that great when the previous generations were moving into them (SF, Santa Monica). Maybe the new generation needs to create a community and develop it themselves.

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I can’t think of anywhere off the top of my head that housing could be considered in surplus in the US. Can you? The fact is housing now consumes a much higher percentage of income than it did for earlier generations. Either wages need to catch up or housing prices need to drop.

There are many places in the US where housing is a surplus. The obvious example is Detroit (as well as other "rust-belt" cities), where many functional houses have been demolished because there is no demand. Many rural areas are also losing population.

> I can’t think of anywhere off the top of my head that housing could be considered in surplus in the US. Can you?

In general, there's a housing shortage, but there are many places with a surplus. They are marked in purple/blue on the map in this article.

https://archive.is/CMblx

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