Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain

California has the second-highest number of empty homes out of all 50 states (www.foxla.com)

submitted 4 days ago by SeattleRain to c/housing_bubble_2

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[–] [email protected] 1 points 3 days ago (1 children)

In 2020, California had*

The article and the report it referenced were written in March 2022. The report was using data from 2020:

All the data used to conduct this study comes from the U.S. Census Bureau’s 2020 American Community Survey with one-year experimental estimates.

[–] SeattleRain 1 points 2 days ago

Sure, but for how hot the market supposedly is, there shouldn't really be any. There's a growing body of evidence that landlords are "warehousing" or intentionally keeping homes off the market to keep prices high because they're making all their money in appreciation, not rent.