Kansas City Endures EPIC Decline In Affordable Housing Availability

Conventional wisdom from some TV show that was quoting a mostly forgotten American author: 

"Buy land, they're not making any more of it." 

Maybe . . .

Then again . . . That kind of practical thinking never imagined that paper money powering global economies would be backed by nothing more than a promise. 

But I digress . . .

Right now we take a peek at discouraging stats for people who want permanent shelter from the cold.

Turns out local "affordable" dwelling space endured a serious decline in 2023.

KICK-ASS TKC READERS have two choices . . .

Blame white people -- You might get a cookie and a free t-shirt for that at an upcoming election year protest. 

OR . . .

Maybe consider SKETCHY KCMO HOUSING POLICY might be to blame for driving so many home providers out of the market.

Either way . . . Here's a peek at the data "liberated" from behind a local paywall . . .

"Redfin determined that only 15.5% of homes for sale in 2023 were affordable for the typical U.S. household — the lowest share on record. In Kansas City, about 28% of homes for sale in 2023 were affordable, down from about 43% in 2022. The 14.8 percentage point decline outpaced all the other metro areas that Redfin looked at."

Read more via www.TonysKansasCity.com link . . .

Report: Kansas City's housing affordability declines more than all other U.S. metros - Kansas City Business Journal

Kansas City faced a precipitous drop in the share of affordable homes on the market in 2023 compared to 2022. It was the biggest decline in affordable listings across all the metro areas in the U.S. that Redfin analyzed.