4 ms·

It would probably be easier to understand if worded the other way? 81% of California houses are owner occupied.

• deleted 1y ago
  [deleted]
• dgrcode 1y ago
  I think the 81% group would also include unocuppied houses, right?
  • taeric 1y ago
    I have to confess I'm not sure. :( Searching for vacancy rate shows that is around 9%. I would expect these are owned by someone, though, such that I don't know why they would not be counted as investments? Doing the same search for "owner occupied" shows only around 50%, though. I don't know where to get the data that teases apart housing units and standalone houses.
    • tptacek 1y ago
      Where are you seeing 9% vacancy rate in California? According to FRED, the current rental vacancy rate in CA is below 5, and the current home vacancy rate is below 1.
      • taeric 1y ago
        Hmm... I thought I just took the basic google, but that seems to give a different result now. Maybe I just fat fingered copying into here, not sure. I know that my main assertion there was it was a relatively lower number. Adding it to the 19 of this story would still leave owner occupied higher than 50ish. Such that I clearly need help to put a lot of this together.
• brentm 1y ago
  But how is that going to trigger someone?