Congratulations to Thomas Hayes, a runner-up in the most recent quarterly Ark Law Student Voices Scholarship contest. Thomas recognizes the foundation of supply-and-demand economics as the basis for America’s recent housing shortage, due to a continued growth in population and the millennial generation now reaching the home-buying age. Additionally, the benefit of current owners to be rate-locked is preventing them from wanting to sell-off and hope to find another home in this scarce environment. Thomas poses some unique solutions, including referencing architect Jeff White, who is prototyping tiny homes that cost only $36,000 to build.
Published on September 12, 2018