3 ms·

I am confused because a lowered vacancy rate does not necessarily imply lack of homes for housing as the rate is not 0% or even approaching that. Lower vacancy

I am confused because a lowered vacancy rate does not necessarily imply lack of homes for housing as the rate is not 0% or even approaching that. Lower vacancy rate is also a by-product of historically lower interest rates. If you scroll to the homelessness trends plot, the incidence of homelessness has decreased since 2007. Overall, I note that CA and NY seem to have especially egregious issues with homelessness, https://endhomelessness.org/homelessness-in-america/homelessness-statistics/state-of-homelessness/ https://endhomelessness.org/homelessness-in-america/homeless...

legitster 3y ago
> the rate is not 0% or even approaching that 0% is an impossible number to hit. Even in a perfect world you need some fluidity in the market. For comparison, Japan is considered to have a fairly tight housing market and they still have a 13% vacancy rate. The US on average (which includes Detroit) is less than half of that. CA and NY have the worst problems with homelessness because they have the worst time adding new units. There are 4x as many college graduates in California every year than their are new homes or apartments being made.