I have some questions about housing.
There seems to be a vast number of residential housing units coming on line currently in both the rental and condominium markets.
Where will the occupants come from to fill these spaces? Where do they live now? To me it seems like we used to have a shortage of housing for people that moved or want to move to the region, and the recent building boom will help reverse that trend.
Who is going to fill these units? Young adults moving out of their parent's homes? People that currently live up island or the mainland?
Having been inside a few of these projects lately, the other thing that has jumped out at me is the reduction of the size of the average rental unit. They don't seem to be large enough for two people. Are there more single people now than couples? It seems to me that there has been a change in the way we live. Am I getting too old to understand what's changing in our demographic make up?
I am having trouble digesting the math. Perhaps someone could enlighten me.