Social 9.7% of US housing units are vacant.

[plataoplombo]

Seems like a lot of you are talking about treating the symptoms and not the actual problem.

If a homeless person has mental issues then treat it, otherwise everything else you throw at won't have a solid foundation for success. Same thing with housing shortages or affordability in places like California. It's the zoning and permitting laws that make things so much harder on the average citizen.

 

[Paladin]

It's very noble of you to buy up houses to let homeless drug addicts live in for free. Oh wait, you're not, but want to flex your fake virtue by demanding other people do? Why do all the lefties' grand virtuous plans only involve demands from other people and absolutely nothing from themselves?

Oh yeah, only people with jobs and take care of their place should pay rent and mortgages, but if you're a junkie who trashes it, turns it into a drug den with dealers and your drug buddies showing up at all hours and makes the entire neighborhood less safe, it's on the house?

Does it say where these houses are? Are they already burned out crack houses? Are they in places that even have homeless people? The country is a pretty big place.

Never really understood the contempt and disdain some* people have towards the wealthy.

i get it when say they own a company that destroys entire villages and pollutes rivers, kills people or does something truly evil.

but a normal sherdogger who worked hard, saved, played stock, got a lucky break by investing at the right time, etc why the disdain? Kudos to all the sherdoggers making it big in life.

 

[AWilder]

But good thread, a single link with no context or discussion.

STATS WITH NO CONTEXT! WRECT!!!

 

[Rational Poster]

The homeownership vacancy rate is pretty much the same as it's been since the 1960s. It's the rental vacancy rate that's going up. And both of those are down relative to the 2008 recession.

From what I understand the rental vacancies, especially in major cities, are related to the way investors invest in these mortgages. The price of rent is fixed based on the initial mortgage agreement and it cannot be altered without every investor involved agreeing on the new rates.

Basically the rents are too high and based on a previous status quo and it's cheaper for the mortgage investors to just hold onto the property and write off the losses while just waiting for things to normalize. It's also very hard to convince every investor involved to alter the rates.

 

[panamaican]

From what I understand the rental vacancies, especially in major cities, are related to the way investors invest in these mortgages. The price of rent is fixed based on the initial mortgage agreement and it cannot be altered without every investor involved agreeing on the new rates.

Basically the rents are too high and based on a previous status quo and it's cheaper for the mortgage investors to just hold onto the property and write off the losses while just waiting for things to normalize. It's also very hard to convince every investor involved to alter the rates.

Yeah, that's definitely a big part of it.