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The vacancy-rate statistics do not back this up. Compare the residential vacancy rates for California vs the US as a whole: https://fred.stlouisfed.org/series/C
by jimrandomh 5y ago
The vacancy-rate statistics do not back this up. Compare the residential vacancy rates for California vs the US as a whole: https://fred.stlouisfed.org/series/CARVAC https://fred.stlouisfed.org/series/CARVAC and https://fred.stlouisfed.org/series/USRVAC https://fred.stlouisfed.org/series/USRVAC . Every city has some vacant properties, due to turnover and renovations and other factors.