The Long Way Home 10.10.25

The headline for an article in the October 1 issue of the online newspaper Minnesota Reformer screams, “Home sales on track for worst year since 1995.” That shouldn’t be happening with what I call “The Great Housing Shortage Myth.” In my previous life in Cook County 30 years ago, housing and worker shortages were the top issues. In 2022, county officials and their consultants determined that 500 new housing units would be needed over the next four years. Recently, a significant number of apartments, far fewer than 500 units and euphemistically referred to as “workforce housing,” have been built, with more on the way. The consensus in local government is that more housing is needed so its economy can continue growing. Growth is assumed and thought to be desirable. I’m not so sure, but as a poor, dumb freight broker, what do I know? Experts agree that the U.S. is in the grip of a significant housing shortage, with estimates ranging from 3.5 million to over 7 million units. This cris...