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There are not. The census definition of "vacant" clung to by people pushing this viewpoint includes uninhabitable construction sites that happen to have the doo
by jeffbee 2y ago
There are not. The census definition of "vacant" clung to by people pushing this viewpoint includes uninhabitable construction sites that happen to have the doors and windows installed, homes that have already been rented or sold but the new occupant hasn't moved in yet, homes of deceased people still in estate probate, homes being repaired between tenants, and many others. Only about 9% of census-vacant homes are what a normal person thinks of as a "vacant home".
- notaustinpowers 2y agoGreat, if only 9% of vacant homes are what a normal person would think of as a vacant home, we can still give every homeless person 2 homes each! The issue has never been housing inventory in an effort to making housing more affordable. If the past 4 years have shown us anything it's that even with skyrocketing interest rates and new construction matching pre-2007 levels, homes are still 40% more expensive than they were in 2020.
- jeffbee 2y agoConstruction hasn't returned to pre-2007 levels. That right there seems to be the nut of your misunderstanding. https://fred.stlouisfed.org/graph/?g=1pDWf https://fred.stlouisfed.org/graph/?g=1pDWf