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Future of American Dream 🏡
(lemmy.today)
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this post was submitted on 08 Feb 2024
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Yeah, but American homes are unsustainable in their sizes. What you're looking at there is already the norm in Japan. We don't need as much space as we use for single family houses in this country. Sure we have the space, but we also have a homelessness crisis. These tiny homes are a very good solution for that.
I will agree that $150,000 seems a bit higher than it should be, but depending on how close to San Antonio this is, that is fairly typical for a major city in pricing. If this is some suburb in the sticks, then yeah, they need to be asking around $75,000
Space isn't the issue here. We have more empty homes than we have homeless people.
Prices aren't astronomical because we're running out of space.
They are astronomical because we build too large. That accounts for the vast majority of home ownership cost increases. The average home size is up 230%+ from the 70s, or 300% per person.
This makes up the vast majority of the difference in prices seen since that time.
Other direct causes are that we add two or three car garages (30k+) and increased home construction standards ( which add cost up front but often save money long term).
When looking at a price per area, the price is almost static (after accounting for inflation).