What happens if building more housing doesn’t work?

In the 21st century economy, with its heavy emphasis on creative, professional, digital and financial work, much of our economic bounty gets concentrated in a select number of superstar cities: Both obvious ones like New York, SF and LA, and also smaller trendy ones like Denver, Austin, pick your favourite. It also builds a lot of the specific kind of housing that has emerged in high demand recently: dense condos and apartments that are centrally located or close to transit, and cater to downtown knowledge workers that earn good salaries as an entry point to the housing market. For a skilled professional, high rates of job turnover are a path for accelerated career advancement: it’s much easier to find a new job that will level you up and boost your income, and you already live in the city where they are.

Source: alexdanco.com