"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
>there is a record number of vacant homes at the moment.
We’re currently close to the record for all time lowest vacancy rates.
We’re at 6.3%. The highest (over the past 70 years) was in 2009, at 11.1%.
It got down as far as 5% a few times.
I downloaded the raw data and it says the average is 7.28%
There’s a popular image of a bunch of Scrooge McDucks sitting on giant inventories of housing but the evidence doesn’t support that. Someone saying, “I saw a bunch of empty houses.” is exactly as logical an argument as a climate denier saying, “It’s been cold all week.” That’s just an anecdote.
The data is very clear on the matter. We don’t have enough housing.
>there is a record number of vacant homes at the moment.
We’re currently close to the record for all time lowest vacancy rates. We’re at 6.3%. The highest (over the past 70 years) was in 2009, at 11.1%. It got down as far as 5% a few times. I downloaded the raw data and it says the average is 7.28%
https://fred.stlouisfed.org/series/RRVRUSQ156N
There’s a popular image of a bunch of Scrooge McDucks sitting on giant inventories of housing but the evidence doesn’t support that. Someone saying, “I saw a bunch of empty houses.” is exactly as logical an argument as a climate denier saying, “It’s been cold all week.” That’s just an anecdote.
The data is very clear on the matter. We don’t have enough housing.