Doesn't sound like a lot to me. Especially in my state. This is spread out across America. What asking price nigger?
Also unlivable land? You underestimate modern construction equipment and human tenacity. I've seen houses built on the side of mountains. It can be done
Alpine construction
can be done, but it
won't be done to alleviate a housing shortage. The only people doing those sorts of projects are AirBnB investors (currently a crashing/crashed market) or rich assholes building a lodge/retreat property that they are going to helicopter into.
You know why Detroit is basically a ghost town now? And it's not because of nigger density, that was an effect. Detroit is a dead issue because nearly 100% of the city's economy was propped up by the presence of American auto industry. If you don't have the light and heavy manufacturing base propping it up the music, sports and nightlife, no one smart wants to deal with the weather or the location (or now the nigger density).
Now, what is the attraction for the average rentoid to relocate to the
interior of the Olympic Peninsula? The mass of people you think are going to take advantage of this affordable new housing are not going w/o UberEats, nail salons, or a <40 minute commute time to their job. People who ARE willing to do without those things already are, paying ~$200 an acre for the ability to get the fuck away from the people in the first group.
And 15 million is a metric fuckload of single family homes. Some of those are in places like Detroit or Baltimore, and are effectively tear-downs until TND or one hell of a eminent domain revitalization is enacted. Banks, hedge funds and private equity schemes are sitting on a ton of empty homes as well, hoping the value is going to skyrocket. It's less expensive to let them sit than it would be to pay for the logistics of renting them out.
Also, while listing prices
are dropping, the properties are still not transacting. Sales volume of existing homes looks a LOT like 2008-2012, but the median transacting price is up over 2x from that time,
https://en.macromicro.me/charts/31/existing-home-price . So the listing prices are dropping, but no ones buying because they either don't want what is available, or can't afford to. Social media brainrot is probably not helping in this regard.
