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A comment on Investors bought a quarter of US homes sold last year. Parent comment

Re:Investors bought a quarter of US homes sold last year by bombcar on Tuesday August 23, 2022 @05:36PM (#32571883)
Apparently the new "urban" definition is something like:

>Adopting 500 persons per square mile (PPSM) as the minimum density criterion for recognizing some types of urban territory.

https://www.federalregister.gov/documents/2022/03/24/2022-06...

Which basically means anything "town-like" or higher is "urban".

So most Americans live in urban areas even if they are in a tiny town in the middle of nowhere.

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Re:Investors bought a quarter of US homes sold last year by ghaff on Tuesday August 23, 2022 @06:37PM (#32572508)
Yes. Most people see urban and imagine at least a 2nd or 3rd tier city in terms of population. Not a 5K person town that may or may not be within a not too long a drive of some sort of population center.

Urban in the sense of "don't need to own a car" is a much smaller slice--especially if you aren't adjusting your expectations.

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Re:Investors bought a quarter of US homes sold last year by bombcar on Tuesday August 23, 2022 @07:15PM (#32572841)
Yeah the census counts urban as “a cop or ambulance will show up in decent time” and rural as “you could detonate a cow and nobody would be around to notice”.
[ Parent | on HN ]