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> Many US cities have large stocks of older housing in moderate condition and which is already occupied. In order for housing supply to keep up with demand, it
by KoftaBob 5y ago
> Many US cities have large stocks of older housing in moderate condition
and which is already occupied. In order for housing supply to keep up with demand, it needs to increase, hence new construction.
- 9wzYQbTYsAIc 5y agoI’m not sure if you are aware of this, but the commenter is likely referring to US cities and their stock of abandoned, unlivable, or otherwise city-owned houses. You can find houses for sale by a city where the asking price can be as low as four figures. Sometimes those houses even come with the full list of required repairs and an estimate of the costs. Spending $20k to buy a house that needs $60k in repairs can work out for some situations.