Just met w/ a developer - housing affordability may get much worse.

[Jake Andronico]

Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand. 

Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes. 

This will simply causes prices to be even higher, and continue to constrict demand... 

The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years. 

With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved. 

Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis

Releasing Federal Land for private sale? 

I know this is also a National issue, especially in land constricted markets. What do you see out there? 

Curious to get everyones take.