So we have 350k open units and 700k people without homes, average rent is around $1500..
just looking at the data my guess is that we have about 700k people who don't have an extra 2 grand every month to put into housing. (and I think it's way higher personally, maybe not counting the couch surfing relatives who can't afford their own place, and others who are living in over crowded situations of basements )-
I'm sure there is much more to it than the averages, like a lot of the homeless are in areas where the average rent is much higher and 1500 - and the few places where rent is $800 likely has less homeless, (and also has less other things like jobs and public transit) -
and really if it is 10 million or a quarter a million empty places, I don't see how that matters if no one can afford any of them.
Does the government eminent domain the houses, arrest the homeless, and then ship them out to Detroit or wherever the surplus houses are?
We will exit an era where housing prices always rise, because both taxes and insurance will become unaffordable. I see a combination of publicly managed apartments (like Germany or Austria) with a much smaller private market for houses. The end-game is housing managed like infrastructure, with most of it publicly managed but a few privately managed/owned houses for unique or highly desirable spaces.
There is also a crisis in affordability of apartments, with a report [0] showing a collapse in lower-cost apartments that is partially driving homelessness. It is especially hard for fixed-income folks.
> arrest the homeless
Most homeless are working homeless. They crash with friends and family, or they live in their cars/trailers. Others are pushed to the periphery or out of their job market entirely; San Fransisco's struggle for service workers is a reflection of this trend, but it's hardly unique to the Bay Area. We need workers for just about everything, and those workers need a place to stay.
While this won't solve street-level homelessness, right now most homeless programs cannot move recovering people into permanent housing due to affordability and shortages. There are long waitlists right now for Housing and Urban Development subsidized housing because of the shortages. There are camp grounds or shelters, but those are only temporary. Having more stock available also means these homeless programs can provide much needed stability for recovering people and get them away from places/people that might cause them to relapse.
> Does the government eminent domain the houses
I see a collapse in house prices, and that might cause private equity to dump a bunch of housing stock into the market. To prevent a total collapse government would step in and be a buyer-of-last-resort, which will kickstart the publicly managed housing initiative. Another is insurance, where private insurers step away leaving governments to either rebuild after disaster or face a new homeless crisis. There's also banks holding a lot of mortgage paper that can go underwater forcing another intervention.
I see plenty of cases of market dysfunction that requires government to step in without explicitly eminent domain, which is why I see housing-as-infrastructure becoming the 21st century solution.
[0]: https://www.jchs.harvard.edu/press-releases/new-report-shows...
Those are not people you can just stick into a house and wish them well, they need serious help for many years. In most cases that help isn't there, or comes with strings (no drugs, no alcohol) that they refuse to accept. Homelessness in the US is in many respect a mental health and substance abuse issue, exacerbated in the post-Reagan era when our mental health system was gutted and weakened.
If you want to reach those people and keep them off the streets, you need more than just empty houses.
Same with homelessness.
https://www.huduser.gov/portal/sites/default/files/pdf/2023-...
They don't represent the same kind of societal problem that poor students, broke divorcees, and people moving through rough patches do. They also don't represent a single population that needs help they aren't provided with already, unlike the chronically homeless.
The raw number of empty houses is irrelevant. Especially when some of those houses are temporarily uninhabitable, e.g. houses being renovated, or houses in LA right now near the wildfires.
[0]: https://www.census.gov/housing/hvs/files/currenthvspress.pdf (page 4)