Aaron Murphy explains why most American homes fail people over time. Ninety-five percent are spec-built by developers following standard plans, parceled into the smallest lots local codes allow to maximize profit. This strategy creates a chronic shortage and makes housing unaffordable and unsuitable for actual living.
Chapters
about 95% of our houses in the US are stock. They are spec-built by a builder that already has a plan. But the system's actually broken from the very beginning. Joe, if I could take 2 minutes. Sure. Right. You might have 10 acres of forest land, but your retirement plan is to sell that as a plat, as housing development, right?. And that's a needed thing right now. We have a housing shortage, we have a housing affordability issue. And so you let a civil engineer design 92 parcels that homes can go on, that's a plat. Now you're good, you sold 92 products, parcels. But the buyer of those, your goal right there was to have as many sellable pieces as possible. Okay, so what that means is that under the code and the jurisdiction and state law, you made as many lots, which means most of them are as small as legally possible.