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> What number of vacant, newly built units do you believe will actually bring prices down? When the residential vacancy percentage rate is more like 15%, then
by stale2002 4y ago
> What number of vacant, newly built units do you believe will actually bring prices down?
When the residential vacancy percentage rate is more like 15%, then I expect that prices will crash hard.
- hindsightbias 4y agoTotal housing units 346,527 60000/346527 * 100 = 17% https://www.infoplease.com/us/census/california/san-francisco/housing-statistics https://www.infoplease.com/us/census/california/san-francisc...
- stale2002 4y agoActually the number is a bit below 10% vacancy rate. The vacancy rate is a bit above the national average, but not by much. https://sfist.com/2022/02/01/report-10-of-san-franciscos-housing-stock-is-just-sitting-vacant-and-empty/ https://sfist.com/2022/02/01/report-10-of-san-franciscos-hou...