How many of these are actually habitable? I would assume a large portion are either too dilapidated or under renovations.
I very much doubt that nearly a third of the housing stock is vacant for no reason, especially when it’s a seller’s market. The statistics for people who own more than home or buildings with more than unit are not enough to explain the difference. I’m skeptical of these random no name authors on websites like medium.
I know people here want a sexy quick solution, but the reality is that this country’s housing stock is too small, too old, and is not keeping up with demand at all. The one and only solution is to reform zoning laws, expedite housing construction, and pump the market with so many new units that it not only meets demands, but exceeds to the point where prices fall and we have a buyer’s market.
How many of these are actually habitable? I would assume a large portion are either too dilapidated or under renovations.
I very much doubt that nearly a third of the housing stock is vacant for no reason, especially when it’s a seller’s market. The statistics for people who own more than home or buildings with more than unit are not enough to explain the difference. I’m skeptical of these random no name authors on websites like medium.
I know people here want a sexy quick solution, but the reality is that this country’s housing stock is too small, too old, and is not keeping up with demand at all. The one and only solution is to reform zoning laws, expedite housing construction, and pump the market with so many new units that it not only meets demands, but exceeds to the point where prices fall and we have a buyer’s market.