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Yes good hard numbers. The problem is many still consider it a shortage because they think that hoarding their starter home when they've moved on to home 2, and
by beiller 4y ago
Yes good hard numbers. The problem is many still consider it a shortage because they think that hoarding their starter home when they've moved on to home 2, and 3, and so on means a shortage still. The hoarding has in fact led to a shortage of homes available to buy. Why would they sell the accumulated properties when they are ramping up in value significantly each year, and only recently took a almost insignificant claw-back. If they all just continue the seller's strike, they can hold on to the value. We need to increase the holding cost of vacant properties significantly I believe to make a dent in actual affordability.