Building houses to solve the housing crisis implies that the crisis was caused by a lack of homes. Every single one of the 2 million houses would be picked up by a property firm or a Chinese millionaire just the way it has been happening for the last ten years. What you really need is legislation, but what you are getting is more food for the hounds.
Never before have I seen such a confluence of right comment and wrong username
Aren’t there currently more empty homes than homeless in the US? Like, by a decent margin, too? I think that statistic is getting a bit dated, but I also don’t expect it to have improved. What we really need is to treat homes as homes, as essentials for life, instead of as investments. But, of course, that’d cost rich people money instead of giving them a way to make even more money, so we can’t do that. I’m sure some towns and cities could benefit from more homes, but the core of the problem is societal, not material.
yes there is currently extra housing but, unfortunately, sites like airbnb have moved large swaths of the housing market to the luxury hotel market leading to a shortage in actual housing as wealthy, investor, and corporate class people pay premiums for short term rentals that most people simply can’t compete with.
What’s your plan to do that?
Cool, landlords can buy all of these up too!
“The US needs to reclaim 2 million houses from firms to revive the American dream of homeownership”
Fixed. The housing exists, it’s just bought up so you can’t have it because they want more profit.
Also fck HOAs and the horse they road in on.
Home ownership is 65%.
These headlines are wild.
Got a source on that? I’m seeing 26% home ownership rate in the US
The US had 3.1m houses sitting empty in 2023
property hoarding is a crime against humanity and should be treated as such, imho. Houses are for living in, not speculation.
The systems in place are broken. I work 12hr days, with overtime. Credit score over 750. And there is no chance I can afford a house in my area.
Have you tried uprooting your family and moving to a place no one wants to live? Something something bootstraps.
Whatever
