The housing shortage is larger than you think

Re:The housing shortage is larger than you think by voidwtf on Tuesday December 19, 2023 @05:39PM (#38702886)

While we're on the topic, let's not forget foreign investors. Most of the properties in my neighborhood were purchased by foreign investors. My block in particular has at least 4 houses that are owned by asian investors. I've met the families who live-in and rent those houses. The property management company also runs the HOA and votes by proxy for those investors, investors who don't care about the daily goings-on of the community.

If we're going to use statistics for anything, let's look at it in the affirmative instead. How many homes are owned by the family living in them? The most recent data for Florida is for 2015-2019. Here are the owner-occupied housing for the most populated counties, starting with the one I live in.

Hillsborough County - 58.6% Miami-Dade County - 51.2% Orange County - 55.4% Broward County - 62.1% Palm Beach County - 68.9% Duval County - 56.7% Pinellas County - 67%

The National Average is 64.8%. In my county nearly half of the housing is not owner-occupied. As a nation, nearly a 3rd of available housing is not owner-occupied. I bet this is worse now, as this information is pre-pandemic and from the very beginning of the most recent housing rush.

https://www.census.gov/quickfacts/fact/note/US/HSG445222#:~:.... https://www.census.gov/quickfacts/fact/table/US/HSG445222 https://www.florida-demographics.com/counties_by_population https://www.census.gov/library/visualizations/interactive/ac...

Edit to add some relevant information: https://cdn.nar.realtor//sites/default/files/documents/2023-...

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Re:The housing shortage is larger than you think by jeffbee on Tuesday December 19, 2023 @05:44PM (#38702948)

There is nothing ethically preferable about owner occupancy. In Switzerland, which I consider to be a highly developed society, they have a special tax that applies only to owner-occupants. I think we should adopt that. More people should rent, and fewer people should consider home ownership an investment strategy.

Also, to be quite honest, your allusions about shadowy Asians has the whiff of racist tendencies.

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Re:The housing shortage is larger than you think by voidwtf on Tuesday December 19, 2023 @05:54PM (#38703074)

I'm sorry if there was any implication of bias against Asians as a group. I don't think I implied that at all, when did I call them shadowy? That smells of your own biases and perceptions. I was simply referencing the region of those I'm aware of. My neighbors home is owned by an investor from the Philippines. Three other houses on my block are owned by investors from China and are rental houses. This information can be confirmed by a simple property tax search.

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Re:The housing shortage is larger than you think by voidwtf on Tuesday December 19, 2023 @06:02PM (#38703164)

I don't understand this stance. I want to own so I can customize to my liking. I want to own so I can add that solar system and battery backup. I want to own so I can add 2 ft of pavers on both sides of my drive-way. I want to own so that 30 years from now when I'm preparing to retire, that my only housing costs will be utilities and taxes. What person wants to never be able to call something their own?

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Re:The housing shortage is larger than you think by Podgajski on Tuesday December 19, 2023 @07:33PM (#38704002)

Everyone who runs the World Economic Forum .

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