Well, to be fair there are indeed enough houses… We kinda just assumed they would, by the grace of the market, end up distributed among virtually all people and at a fair price. The reason they never did and increasingly don’t is one of the largest unsolved problems in economics /s
The houses aren’t in the right place where people need them, however. Where are there millions of unoccupied homes in California, Oregon and Washington?
Oregon alone is short something like 150,000 housing units. I can’t ever recall seeing an empty house that stayed vacant for very long.
Well, to be fair there are indeed enough houses… We kinda just assumed they would, by the grace of the market, end up distributed among virtually all people and at a fair price. The reason they never did and increasingly don’t is one of the largest unsolved problems in economics /s
We know what the problem is, and how to solve it. The people in charge just don’t want it solved.
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The houses aren’t in the right place where people need them, however. Where are there millions of unoccupied homes in California, Oregon and Washington?
Oregon alone is short something like 150,000 housing units. I can’t ever recall seeing an empty house that stayed vacant for very long.