Last in an occasional series on the future of housing.
It just isn't that complicated.
Housing costs more than it used to for most of us, and our incomes haven't kept up.
That's the full explanation of what's meant by the term affordable housing crisis.
Maybe this seems obvious to you. But through a summer of interviews and research on our housing problem, I was struck by how little I heard about stagnant incomes for a big slice of the population. Instead, people complained about things like single-family housing regulations, construction costs or zoning policies.
To be sure, more can be done to change regulations and lower the cost of building. But without a more basic understanding of the broader economics, it will be hard for political leaders to rally support for "affordable housing" policies. It is simply too easy to think of these policies as helping low-income families make the rent. An opinion page colleague last week also made a similar point.
And it's a much broader problem.
To understand what I mean, take a look at the period from 1985 through 1999, when a lot of baby boomers and Gen Xers bought their first homes. The ratio of median house price to median household income over this time averaged about 2.35 in the Twin Cities, according to real estate firm Zillow.