Chic vs. Geek: Housing Affordability

With younger generations looking to buy or rent a home and older folks staying in their homes and living longer, there’s a nationwide shortage of affordable housing. So how do we solve it?

CHIC (PEARL)

Many first-time homebuyers have unrealistic expectations of what “affordable” means for them, especially in Silicon Valley. Unless you have an unlimited budget, it might make sense to start with a smaller home and build equity toward a bigger purchase later. And take advantage of all the government assistance and financing options available.

GEEK (KEVIN)

I’m a big believer in the power of technology. We have the tools to mass-produce prefabricated homes in factories faster and cheaper than building on site. But red tape gets in the way in the form of land use, zoning, and delays with inspections and paperwork. We won’t solve this problem until government works at the speed of business.