Thanks to housing industry lobbying, the affordable housing crisis that requires government subsidies has expanded upscale from traditional definitions of affordability. The gravy train of subsidies everywhere encompasses ‘missing middle’ housing that the middle class is searching for, but cannot easily find.
But now it seems that ‘missing middle’ subsidies were not so essential after all. Fattened by building a glut of luxury homes, American developers are eying slimmer profits that can be made even without subsidies, building smaller ‘missing middle’ houses on smaller lots.
Read more in the Seattle Times: Developers Start To Address Need For More Affordable Houses