@Doctor-Phibes said in More Smaller and Cheaper Houses Getting Built:
How can anybody young afford a 400K starter home?
It's becoming is a real issue. Read threads on reddit for Gen Z... there is a lot of angst out there. Housing (similar to college) has gone WAY up in cost compared to the increase in income. Only way younger folks can buy is either to move to a more affordable area or wait for their boomer (et al) parents to sell their home and help with the down payment.
With supply/demand in effect, aka housing shortage, and rates that'll likely decrease... it's really hard to see any market pressures that'll make house prices go back down. Cities should (and some are) convert vacant commercial buildings into modern apartment homes for purchase.