A new book from Jerusalem Demsas explores how local elections, community meetings and other democratic structures brought on a national shortage of affordable homes.
There’s also a lack of homes due to investors hoovering up available stock and letting them sit idle. Over 1/3 of the homes in my state are owned by investors and a significant fraction of those are sitting empty and idle until the market bubbles again and they’re unloaded at +25-100% over the purchase price.
There’s also a lack of homes due to investors hoovering up available stock and letting them sit idle. Over 1/3 of the homes in my state are owned by investors and a significant fraction of those are sitting empty and idle until the market bubbles again and they’re unloaded at +25-100% over the purchase price.