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Hopefully economists are not scratching their heads but armchair economists may be. What is said on the news may not always be the large change some may expect
by instagib 2y ago
Hopefully economists are not scratching their heads but armchair economists may be. What is said on the news may not always be the large change some may expect and it could be false yet they got someone-anyone on a show to say it was true.
There are real estate investment trusts available to invest in that perform quite well. A recent statistic for a major city: 40% of homes are unoccupied.
We need to look into failed states that diverge from us to see what could happen or may be done to prevent it.
- khuey 2y ago> A recent statistic for a major city: 40% of homes are unoccupied. [citation needed]
- bombcar 2y agoMight be true in Detroit or something. Usually there's a qualifier, like 40% of non-owner-occupied housing is unoccupied, and in the area that's 1% of houses or something. (As a baseline, rentals are assumed to be unoccupied 10-20% of the time - so the total number of dwelling units in an area would be (number of owner occupied) + (number of remaining families) + (10% of remaining families) or so).
- Kon-Peki 2y ago> Might be true in Detroit or something Not a chance. At least not for habitable housing. And by the way, the population density in metropolitan Detroit is 10th highest in the US. It's hardly the empty wasteland that people imagine.