Almost 11% are empty? Hell no, it’s even more than that. The article says “Of the nearly 131 million housing units in this country, 112.5 million are occupied.” Later it says that 18.4 million are unoccupied.
That means that 14% are empty — enough to house about 43 million people.
What a waste of resources.
that stat is kind of bogus. got blown up by Barry Ritholtz yesterday.
Almost 11% are empty? Hell no, it’s even more than that. The article says “Of the nearly 131 million housing units in this country, 112.5 million are occupied.” Later it says that 18.4 million are unoccupied.
That means that 14% are empty — enough to house about 43 million people.
What a waste of resources.
that stat is kind of bogus. got blown up by Barry Ritholtz yesterday.
http://www.ritholtz.com/blog/2011/02/us-homeowner-vacancy-rate-is-2-7-not-11/
Thanks. I’m not real happy about almost 3%, either. That’s still a lot of empty houses.