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> Foreclosed properties, condemned buildings and homes being renovated are all included in this category. While it’s possible that some homes in this category a
by ed25519FUUU 6y ago
> Foreclosed properties, condemned buildings and homes being renovated are all included in this category. While it’s possible that some homes in this category are indeed being kept off-market by an owner holding out for a larger payout down the line, given the breadth of this category it’s implausible that this category represents any meaningful part of that total number.
What you’re describing is exactly the myth the article is trying to dispel. It’s a common idea and I feel similar to you, but the reality is we need more housing.
- sudosysgen 6y agoYou realize the above is simply handwaving, right? Yes, we do need more housing. We also need to efficiently use the one we already have.