Re:If the Economy Is So Strong, Why Are Consumer Stocks Tank...
by PawgerZ on Tuesday October 17, 2023 @02:24PM
(#37919372)
Just looking at new housing units is only half of the story. I can't and won't speculate on how many homes were torn down during the time it took to build 77 million housing units, but it had to be a significant number.
If two single-family houses were torn down to make room for one new-build, single-family house, then it is a loss of housing. Not to mention natural disasters, condemned housing, rural housing being torn down for farmland, urban housing being torn down for new highways. I do wonder how many houses were destroyed in that same timeframe.
If two single-family houses were torn down to make room for one new-build, single-family house, then it is a loss of housing. Not to mention natural disasters, condemned housing, rural housing being torn down for farmland, urban housing being torn down for new highways. I do wonder how many houses were destroyed in that same timeframe.