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Indeed. I'm most familiar with the US market so can't speak for European countries which may be different, but here's a graph of estimated vacant units held off
by ryukafalz 4y ago
Indeed. I'm most familiar with the US market so can't speak for European countries which may be different, but here's a graph of estimated vacant units held off-market against total housing units in the US:
https://fred.stlouisfed.org/graph/?g=TiNw https://fred.stlouisfed.org/graph/?g=TiNw
- deleted 4y ago[deleted]
- abeppu 4y agoIs this a high or a low number? On the one hand, <5% of units vacant sounds small. On the other hand, this is about 12x as many as there are estimated homeless in the US. https://www.usich.gov/tools-for-action/2020-point-in-time-count/ https://www.usich.gov/tools-for-action/2020-point-in-time-co...
- solveit 4y ago4% vacancy is what you get if people live in a house for two years before moving, and it takes a month before a new family moves in. Sounds pretty normal, and with no obvious way of using this idle time to help the homeless.