Re:San Francisco has nearly five empty homes per homeless re...
by forwhomst on Thursday January 09, 2020 @03:46PM
(#22005502)
I perceived the error but I left it there so someone could gratify their pedantry. Congrats.
Re:San Francisco has nearly five empty homes per homeless re...
by logfromblammo on Thursday January 09, 2020 @03:53PM
(#22005602)
Thank you. Could you box up my discounted dopamine hit for carry-out, please? I might need some smug satisfaction later, possibly while driving, when it's not so easy to go online.
A vacancy rate of 10% is an occupancy rate of 90%. To house everyone with a 90% occupancy rate, you need to have 100 / 90 in available housing stock, which is 111.1% of occupation requirements.
If you only build 110% of what is needed, and no one is homeless, the vacancy rate would be 9.1%, or ( 1 - 100/110 ) .
The point still stands. Cities need more housing than strictly required for residents.