Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?
There are 17 million vacant houses in the US. Also 60k homeless people. There is plenty of housing if we crunch down on inequality.
The question is where are those houses? Are they in towns and cities people actually want to live in, or are they in bad locations and that’s why they are vacant?
Oh. Oh, this is stupid. That’s why there’s so many considered vacant.
https://www.nytimes.com/2022/03/10/realestate/vacancy-rate-by-state.html
What’s a vacant house? Is it unowned? Or is it a second house?
Those numbers really aren’t comparable and the relevant data is not sufficiently detailed to make a valid comparison.
https://www.reddit.com/r/badeconomics/comments/musne8/disproving_the_vacant_homes_myth/
https://thefrisc.com/its-high-time-to-slay-the-myth-of-all-those-vacant-san-francisco-homes-2efd50728d8