In every year since the Census has kept track, U.S. homebuilders have built more three-car garages than one-bedroom apartments.
I mean, if we ever needed an illustration of how there’s enough resources to let everyone live comfortably, this is probably it. Given all we hear about affluent young millennials moving into cities and living childlessly in tiny apartments this is kind of the opposite of what I’d expect, somehow? But I guess those affluent young millennials are living in dense urban cores where not a lot of new units are getting built.
Step one: Make it illegal to earn any money by building tiny apartments
Step two: Observe that no new tiny apartments are being built.
Step three: Wonder why there aren’t enough tiny apartments as more and more people move into the city.
