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I don't know about that. We live in a city where people are complaining about housing costs and availability, but the city has absolutely vast amounts of housin
by matthewdgreen 1y ago
I don't know about that. We live in a city where people are complaining about housing costs and availability, but the city has absolutely vast amounts of housing. We've lost close to 40% of our population since 1970.
It's just that a lot of that housing is in awful shape, and the places where it exist aren't desirable neighborhoods (although let's be clear, many of them are right next to expensive and desirable neighborhoods, it's really bad.) This should be a situation that rights itself automatically, but it's not.
- SECProto 1y agoNot sure where you are, but the demographics have likely shifted significantly - you have to normalize the population changes with the average household population. For example, a 40% drop in population would about equal out with the change in average household size from ~4 to ~2.5
- matthewdgreen 1y agoI'm in Baltimore. And I promise you that there are acres of empty houses out here. Come buy one and fix it up!