Re:The housing shortage is larger than you think
by busterarm on Tuesday December 19, 2023 @06:17PM
(#38703311)
Not. Where. People. Bought. Second. Homes.
Nobody was buying second apartments in NYC in the 80s. Nobody was buying apartments period. I knew people with brownstones for sale in spanish harlem that they couldn't get $10k for in the late 80s. 80% of _storefront_ space in midtown was vacant.
People buying vacation homes in Florida or Vermont aren't responsible for homelessness in major cities.
Nobody was buying second apartments in NYC in the 80s. Nobody was buying apartments period. I knew people with brownstones for sale in spanish harlem that they couldn't get $10k for in the late 80s. 80% of _storefront_ space in midtown was vacant.
People buying vacation homes in Florida or Vermont aren't responsible for homelessness in major cities.