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In places no one wants to live. Settlement patterns change! It’s an urbanizing world, and there will always be some places in ascendance while others are in dec
by closeparen 5y ago
In places no one wants to live. Settlement patterns change! It’s an urbanizing world, and there will always be some places in ascendance while others are in decline. It is perfectly natural for gluts and shortages to occur at the same time.
- jakelazaroff 5y agoLet's take NYC for example. According to census data [1], Manhattan (a place many people definitely want to live) had a 10.5% vacancy rate last year. At almost 914,000 total housing units, that's almost 96,000 vacant homes. According to the Bowery Mission [2], in the same time period there were 80,000 homeless people in NYC. So just in Manhattan, there were enough vacant homes for every homeless person in all five boroughs to get their own — with over 15,000 to spare! [1] https://www.census.gov/library/visualizations/interactive/2020-population-and-housing-state-data.html https://www.census.gov/library/visualizations/interactive/20... (change state to New York, click "Housing Unit Vacancy Rate" and then click Manhattan on the map) [2] https://www.bowery.org/homelessness/ https://www.bowery.org/homelessness/
- 8note 5y agoAgain, in places nobody wants to live. A janitors closet in NYC stops being a place you want to live when you have to be locked down in it
- jakelazaroff 5y agoYou may not want to, but there are objectively many, many people who do.
- deleted 5y ago[deleted]
- closeparen 5y agoIf we were going to make it illegal to sell or rent your vacant home to anyone but a homeless person, that might work. But there are probably a lot more than 15,000 migrants who can make competitive offers on those homes.
- disgruntledphd2 5y agoThen why are they empty?
- closeparen 5y agoOne occupant moving out, cleaning, renovation, listing, showing, and getting to a new occupant's moving date is a process that takes some time. To the extent that apartments are turning over, some of them are going to be in this state at any given moment.