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To meet demand, US needs 4.3M more apartments by 2035

multifamilydive.com

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Re: To meet demand, US needs 4.3M more apartments by 2035

#11

Post by DoctorNick »

arbuge wrote: post #8
bluedino wrote: post #6

We're in luck. There are 16 million abandoned homes in the US https://www.lendingtree.com/home/mortgage/vacancy-rates-stud... Easily takes care of the half a million people experiencing homelessness as well.

Vacant != abandoned. Right from the article you linked, 2nd parg: "But this doesn’t mean millions of abandoned and dilapidated homes are withering away in the suburbs. Vacant homes can be unoccupied for many reasons beyond being uninhabitable. For example, a house can be vacant because it’s still on the market to be sold or rented or it’s a vacation home not currently in use."

Yes, we know. They should be expropriated.

Re: To meet demand, US needs 4.3M more apartments by 2035

#12

Post by lukasb »

kvetching wrote: post #9

Apartments are terrible for people. Why not talk about needs for homes? Why can't America make small 2 bedroom homes anymore as seen in 1950s suburbs. It's either a mansion or an apartment now for new housing.

Well-built apartments with good light, soundproofing etc are great, and you can get amenities in the building that would be cost-prohibitive for a single-family home.

Re: To meet demand, US needs 4.3M more apartments by 2035

#14

Post by hahaxdxd123 »

bluedino wrote: post #6

We're in luck. There are 16 million abandoned homes in the US https://www.lendingtree.com/home/mortgage/vacancy-rates-stud... Easily takes care of the half a million people experiencing homelessness as well.

Let me put this in a way you might understand.

Person A: My machine needs 4 GPU to train this model in Person B: There are 1000000 GPUs in Japan.

Do you see how that's not helpful?

Re: To meet demand, US needs 4.3M more apartments by 2035

#15

Post by sp527 »

Much as I (a relatively young person) am in favor of more housing, isn't it also true that a surge in homebuilding would eviscerate the wealth of a lot of older Americans who are on the verge or in the midst of retirement? I feel dread whenever I look at the retirement savings numbers. So many elderly who'll have to live on a knife's edge financially.

Re: To meet demand, US needs 4.3M more apartments by 2035

#16

Post by Asdrubalini »

DoctorNick wrote: post #11
arbuge wrote: post #8

Earlier quoted context omitted.

Vacant != abandoned. Right from the article you linked, 2nd parg: "But this doesn’t mean millions of abandoned and dilapidated homes are withering away in the suburbs. Vacant homes can be unoccupied for many reasons beyond being uninhabitable. For example, a house can be vacant because it’s still on the market to be sold or rented or it’s a vacation home not currently in use."

Yes, we know. They should be expropriated.

You are confusing USA with USSR.

Re: To meet demand, US needs 4.3M more apartments by 2035

#17

Post by trident5000 »

kvetching wrote: post #9

Apartments are terrible for people. Why not talk about needs for homes? Why can't America make small 2 bedroom homes anymore as seen in 1950s suburbs. It's either a mansion or an apartment now for new housing.

If they sold well they would be built. People would rather rent an apt that uses all their disposable income than level with reality that a tiny 2bd home is what they can afford to buy. "but the amenities, location, and view in an apt" I can assure you an expensive home has all of these.

Re: To meet demand, US needs 4.3M more apartments by 2035

#19

Post by jsnk »

DoctorNick wrote: post #11
arbuge wrote: post #8

Earlier quoted context omitted.

Vacant != abandoned. Right from the article you linked, 2nd parg: "But this doesn’t mean millions of abandoned and dilapidated homes are withering away in the suburbs. Vacant homes can be unoccupied for many reasons beyond being uninhabitable. For example, a house can be vacant because it’s still on the market to be sold or rented or it’s a vacation home not currently in use."

Yes, we know. They should be expropriated.

How do you think this should be done?

Re: To meet demand, US needs 4.3M more apartments by 2035

#20

Post by krapp »

kvetching wrote: post #9

Apartments are terrible for people. Why not talk about needs for homes? Why can't America make small 2 bedroom homes anymore as seen in 1950s suburbs. It's either a mansion or an apartment now for new housing.

> Why can't America make small 2 bedroom homes anymore as seen in 1950s suburbs. It's either a mansion or an apartment now for new housing.

Because it isn't the 1950s anymore. The middle class that was able to afford those homes no longer exists, the rich have gotten exponentially richer, and everyone else has or is increasingly being priced out of housing.

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