And yet we have such terrible poverty.
When I read stories about poor people in America, always there is lurking just below the surface the key element of scarcity. Not food. Not transportation. Not clothing. Not even, surprisingly, health care. The missing factor in all these broken lives is the simplest thing. Space. Some space to fucking sleep and live.
How can such a large country suffer from a bigger housing crisis than we find in jammed up dense countries like Singapore, South Korea, and India?
Why hasn't the market solved this problem?
Believe it or not, its not impossible to manufacture a living space in a factory and assemble it on site in a day, to provide extremely well made and affordable housing structures.
There is space enough in American cities if density is allowed to be increased. In other words if these fake "liberal" NIMBYs in American cities can be persuaded to give up the precious "character" of their neighborhoods, we can make space for everyone. CHEAP space.
Now, the market cannot solve a problem that is linked to human nature. Humans like living in dense areas rather than on the top of mountains, so space will be more and more expansive as density increase. Nothing unusual. Density also brings more jobs and more commerce so this is a cycle that goes with it.
This being said if you care nothing about living in a modern civilization it is perfectly possible to live far away from cities with very minimum expenses and a lot of land. Thats just not what people want.
Then there are things like medical expenses, debt, family members in need of support.