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.
To meet demand, US needs 4.3M more apartments by 2035
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Re: To meet demand, US needs 4.3M more apartments by 2035
#22We'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
#23Much 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.
But even if homebuilding increased to the point of keeping prices steady, it would probably be enough.
Re: To meet demand, US needs 4.3M more apartments by 2035
#24Re: To meet demand, US needs 4.3M more apartments by 2035
#25Apartments 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.
I was in the market for a year and was interested in something outside of a city. I could afford the larger 5 bedroom homes, but had absolutely no use for that amount of space. Nice 2 bedroom homes in the suburbs just aren't a thing for some reason. Smaller homes exist, but the quality drops dramatically.
Perhaps there is an untapped market for high quality 1-2 bedroom homes outside of cities. I'd certainly buy one.
Re: To meet demand, US needs 4.3M more apartments by 2035
#26We'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.
Re: To meet demand, US needs 4.3M more apartments by 2035
#27Much 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
#28Apartments 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.
Re: To meet demand, US needs 4.3M more apartments by 2035
#29We'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
#30We'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."