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I wonder what happens to the old homes. Are homes being razed on a massive scale? If the population almost doesn't grow anymore, and some houses are still being
by anovikov 2y ago
I wonder what happens to the old homes. Are homes being razed on a massive scale? If the population almost doesn't grow anymore, and some houses are still being built, where the heck all those house disappear? Owners or renters, but SOMEONE has to be living there.
- ToucanLoucan 2y agoTons of homes in the US are kept vacant, either because landlord( companie)s want higher rents that what's achievable by renters in the market, or because property is a reliable asset to hold that will increase value.
- anovikov 2y agoIt doesn't work this way because vacant homes in some place decrease values and rents on ALL the homes in the same place, and it hits the pockets of everyone really hard.
- vel0city 2y ago> If the population almost doesn't grow anymore The overall population isn't necessarily growing very much. But populations of the different areas throughout the country are pretty different from even a few decades ago. Many old towns (and old homes) are just no longer economically viable after the industries that gave people jobs in those towns moved away. Lots of extremely cheap houses in certain places. Good luck getting decent city services or a well-paying job anywhere nearby.
- anovikov 2y agoSo it's about concentration, not overall price growth? That's natural then - it also means incomes in those few places are much higher too that people are moving there. And yes they might have to endure hardships to do so. I mean, in Europe however socialist, no one is asking for affordable housing on Avenue Foch. Affordable housing must exist, but by definition it can only exist in places where only people who live there are those who "remained", i.e. left out when all active ones are excluded.