Houses are left Vacant, the Rich get Richer, and the Poor get Kicked to the Curb. What’s new?

6 comments

1. Houses stay vacant.

   Food rots in the store because there’s too much to sell, and it’s too expensive to buy.

   People die because they can’t afford to pay for healthcare.

   Everyone has a value, they are a resource to be consumed like coal, and our economy (vampire capitalism? I don’t know what to call it anymore) has become exceedingly efficient at extracting all of the value out of a thing and leaving whatever ash is left to be swept away.

2. Housing vacancy is at a historic low 

3. Home vacancies have literally never been lower in US history.

   https://fred.stlouisfed.org/series/USHVAC

4. The “profit” in there being a housing shortage is people not giving up their zoning restrictions

5. I mean that is correct but let’s be real we still are in a better position than 90percent of the world.

6. A bit more complicated.

   I visited the Tenement Museum in NYC, and one of the fascinating bits was most of the apartments, save a few on the ground floor that became businesses, were vacant for 50 years.

   The apartments were not habitable, would have been too costly to bring up to code, and I guess the rent of the few businesses were enough to cover whatever was needed.

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