Housing prices in the US have experienced a significant rising in the past year. Low-interest rates and the growth of young generations into the market have fueled the demand, causing housing prices in some cities to increase by more than 20% in a year. However, home prices were already a problem before 2020 across the country. While high demand is a vital fact, yet there is a prominent reason why it is hard to find affordable houses: we’re now facing a shortage of nearly 4 million housing units. According to Vox, the primary cause of it is so-called ‘Exclusionary Zoning.’ The result of such local rules and regulations is to keep affordable housing and the people who need it out of the wealthiest Americans.
Why Is It So Hard to Find an Affordable Home in the United States? The rules behind the scene
More From The Whale
Improve your phone charging experience with this Native Union Rise Dock MagSafe with a sleek and slim design.
The scenes we see in movies play out quite differently in real life. Being shot, regardless of the reason or your role, is very traumatizing.
The craving for swimming in the ocean boasts about the many mental and physical benefits of the activity.
This little Bluetooth speaker is portable and waterproof, so you can carry it with you everywhere you go.
The TV adaptation of Isaac Asimov’s ‘Foundation’ is nearing. Here’re some things that you should know to better grasp the stories.
If you are wondering what to ask before buying a car, here are smart questions to ask your used car dealer.