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The way the census calculates the vacancy rates, however, is problematic. It includes properties such as ski lodges, beach houses and pied-Ã -terres that many real estate statisticians would not.
These are often summer homes or second homes, but census lumps them together with homes that have been sold but not occupied, empty homes for sale or rent, and homes used by migrant workers. Basically, anything other than a primary residence is considered vacant.
My house in the US is considered vacant even though I pay the mortgage every month and stay there a few times a year.
The way the census calculates the vacancy rates, however, is problematic. It includes properties such as ski lodges, beach houses and pied-Ã -terres that many real estate statisticians would not.
These are often summer homes or second homes, but census lumps them together with homes that have been sold but not occupied, empty homes for sale or rent, and homes used by migrant workers. Basically, anything other than a primary residence is considered vacant.
My house in the US is considered vacant even though I pay the mortgage every month and stay there a few times a year.
but weren't they always accounted for that way? or is this something new for 2010?
I did better than that. I read the article. The percentage of "vacant homes" (deemed by census data) has gone up less than 1% since 2007. I would not call that a spike, would you?
Why,do you think those homes are going to go dirt cheap?
I would think a lot are bank owned and just sitting,waiting for things to turn around.
Obama and Pelosi will get them another big bailout. That's what will happen and Obama will try to justify even more illegal immigation and an amnesty to justify getting more cheap labor over here to build more houses. There was big money in it.
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lol
