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> The smaller house they vacated is now open for somebody else Or, they didn’t sell it and are just seeking rent on it, now. For this effect to really work, th
by jachee 5y ago
> The smaller house they vacated is now open for somebody else
Or, they didn’t sell it and are just seeking rent on it, now. For this effect to really work, the number of home-owners should equal the number of homes.
Right now, there are many, many fewer home-owners than homes.
- jjav 5y ago> Or, they didn’t sell it and are just seeking rent on it, now. That's fine, it still provides housing for someone. And there are people who actually prefer to rent, so it's good to have rental units available. Problematic is when they hold on to it and keep it empty, thus occupying space but providing housing for no one.
- seoaeu 5y agoNo, the number of homes has to be slighter higher than the number of residents. If a renter is living in a home then it isn’t going to waste! (Slightly higher because it is mathematically impossible for anyone to move if there are no empty homes, and they sometimes have to sit vacant while being renovated or are in the process of being sold)