Where have all the houses gone ? (activist, Alabama, party, economic)

[DannyHobkins]

There needs to be laws on foreigners buying American property, 40,000 homes bought in 2021 were from the Chinese investors alone.

[sholomar]

We're screwed basically. There's no going back to the way things were without a total economic collapse or world war. Housing is not going to be affordable for a generation unless we collapse.

Too many parasites being paid to not work and too many wealthy people buying up homes to either rent them out or leave them empty and city councils that create zoning rules to stifle more construction.

Multiple people will have to pool their resources and share a home. New normal.

[newtovenice]

Investors.

Buying up everything.

[brrabbit]

Printing dollars is easy and cheap. But there isn't any new land in USA. In times of inflation, buying real property makes a lot of sense.

[NJ Brazen_3133]

If and does Florida have its fair share of homeless?

Then govt should advantage. Compel LLs to rent to people.

[Eyebee Teepee]

Originally Posted by tinytrump

I know the homeless problem is growing as well as availability of affordable homes. My take is that the empty homes are the ones the investors or corporations buy, letting them sit to drive the prices up. I would like your thoughts of why so many - yet no inventory to sell?

Nearly 1.7 million homes sit empty in Florida

https://www.wfla.com/news/florida/ne...n-florida/amp/

I would have sworn we were discussing this topic, including vacant homes in FL, in another thread.

The conspiracy-minded and/or anti-capitalist/"greedy corporations" crowd wants to assume that national investment companies are sitting on vacant units JUST so they can see the price rise or the rent rise.

FL has a lot - a whole lot - of 2nd homes. Depending on when this analysis occurs, the 2nd home is vacant for months out of the year. Florida is the ONLY one of the top 10 states on the list that is large enough, and has a historically-strong enough housing economy (rising & even falling prices) to make it worth a corporation's time.

[middle-aged mom]

Reportedly, there are more than 1 million snow birds who live a part of the year in Florida. Many of them own their residences which are vacant during the off season or in some cases rented on weekly or monthly basis during the off season, dependent on location and local ordinances.

Same deal in Arizona.

[Eyebee Teepee]

Originally Posted by 1AngryTaxPayer

No different than mountain towns where people leave cabins boarded up for the winter.

like Vermont, Maine and Alaska? the top 3 on the list?

[Eyebee Teepee]

Originally Posted by DannyHobkins

There needs to be laws on foreigners buying American property, 40,000 homes bought in 2021 were from the Chinese investors alone.

that's 1/2 of 1% of the homes sold in 2021.

[Ferd]

Originally Posted by tinytrump

I know the homeless problem is growing as well as availability of affordable homes. My take is that the empty homes are the ones the investors or corporations buy, letting them sit to drive the prices up. I would like your thoughts of why so many - yet no inventory to sell?

Nearly 1.7 million homes sit empty in Florida

https://www.wfla.com/news/florida/ne...n-florida/amp/

well, I read an article today that said one builder has stopped building two story houses due to wood supply issues.


Also Oligarch investors like BlackRock are buying up houses like crazy and that IS driving up home prices.

https://strangesounds.org/2021/07/bl...t-housing.html

"In the first quarter of 2021, 15% of U.S. homes sold were purchased by corporate investors — not families looking to achieve their American dream."