3 ms·
At least in the US, the millions of empty homes are mostly in places people don't want to live, for a variety of reasons (mostly related to limited opportunitie
by akgerber 8y ago
At least in the US, the millions of empty homes are mostly in places people don't want to live, for a variety of reasons (mostly related to limited opportunities).
If you wish, you can buy a lovely, well-located mansion for $800,000 in Milwaukee right now:
https://www.zillow.com/homes/for_sale/40453573_zpid/globalrelevanceex_sort/43.075228,-87.866088,43.061684,-87.885679_rect/15_zm/ https://www.zillow.com/homes/for_sale/40453573_zpid/globalre...
Or one of the many empty houses for around $20,000:
https://www.zillow.com/homes/for_sale/40456506_zpid/globalrelevanceex_sort/43.087664,-87.870154,43.033482,-87.948518_rect/13_zm/ https://www.zillow.com/homes/for_sale/40456506_zpid/globalre...
Note that you will need to do substantial renovation, lead abatement, etc, and when you're done, the house will probably be worth around $50,000 at most, and not be in a safe neighborhood.
The political problem is mostly around providing enough homes in the places people want to live. The technologies to do this (multi-story apartment buildings, electric mass transit) are generally over 100 years old.