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

submitted 1 year ago by filister@lemmy.world to c/asklemmy@lemmy.world

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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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[-] Manifish_Destiny@lemmy.world 5 points 1 year ago

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

[-] Tavarin@lemmy.ca 2 points 1 year ago

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?

[-] dragonflyteaparty@lemmy.world 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

[-] tastysnacks@programming.dev 1 points 1 year ago

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

[-] AA5B@lemmy.world 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

this post was submitted on 21 Aug 2023

461 points (96.8% liked)

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