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@jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]
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Numbers can lie, or at the very least obfuscate the truth. Consider the following, as an example:
Families are having fewer children, so the average number of people per home has dropped (eg. from 4/home to 3/home). That would mean we need 33% more homes just to account for the same population.
New housing stock may not meet needs; a tonne of studio, 1 bedroom inner city apartments may not be suitable for the above families, so demand for existing stock just increases.