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Do you think we will ever have affordable housing again in our lifetime? (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

276 comments fedilink hide all child comments

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?

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[–] [email protected] 5 points 1 year ago (3 children)

There are 17 million vacant houses in the US. Also 60k homeless people. There is plenty of housing if we crunch down on inequality.

[–] [email protected] 2 points 1 year ago (1 children)

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?

[–] [email protected] 1 points 1 year ago

Oh. Oh, this is stupid. That's why there's so many considered vacant.

The Census Bureau considers any home unoccupied on April 1 — census day — to be “vacant,”

https://www.nytimes.com/2022/03/10/realestate/vacancy-rate-by-state.html

[–] [email protected] 1 points 1 year ago

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

[–] tastysnacks 1 points 1 year ago

What's a vacant house? Is it unowned? Or is it a second house?