this post was submitted on 08 Nov 2023
1634 points (97.6% liked)
Memes
45731 readers
643 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Well, to be fair there are indeed enough houses... We kinda just assumed they would, by the grace of the market, end up distributed among virtually all people and at a fair price. The reason they never did and increasingly don't is one of the largest unsolved problems in economics /s
We know what the problem is, and how to solve it. The people in charge just don't want it solved.
This is so weird, isn't it? I reran the model thousand times, it can't be wrong! I mean, what's supposed to be wrong? The assumptions? That's ridiculous! Let me readjust the factors once more...
The houses aren't in the right place where people need them, however. Where are there millions of unoccupied homes in California, Oregon and Washington?
Oregon alone is short something like 150,000 housing units. I can't ever recall seeing an empty house that stayed vacant for very long.