The Great Compression: High Rents Lead to Smaller Living Quarters

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According to the New York Times, the era of the 400-square-foot subdivision house is upon us.

Questions:

  1. Why did Mr. Lanter want a single-family home?
  2. What has accelerated the downsizing of homes?
  3. What percentage of new homes built in America have less than 500 square feet in floorspace?
  4. Why is the great compression being encouraged by state and local governments?
  5. According to the New York Times, what state has essentially banned single-family zoning rules?

Source:

Dougherty, C. (2024). The Great Compression. The New York Times, Feb. 17 (Retrievable online at https://www.nytimes.com/2024/02/17/business/economy/the-great-compression.html)