Today I Learned@lemmy.worldEnglish · 1 day ago

TIL: There are 27.4 Empty Homes for Each Homeless Person in the U.S

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TIL: There are 27.4 Empty Homes for Each Homeless Person in the U.S

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theHRguy@lemmy.world to

Today I Learned@lemmy.worldEnglish · 1 day ago

Report: There are 27.4 Empty Homes for Each Homeless Person in the U.S

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Look, let’s start with the absurd math. The U.S. Census Bureau says we’ve got about 17 million vacant houses sitting empty while roughly…

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kalkulat@lemmy.world
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Well, no, often. Take a 30-year mortgage at 5% on a $120K house with a $20K downpayment. Now figure out what the bank earns off that $100K over 30 years. Banks love mortgages.

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